Consti Group to renovate a high-value vintage property into a Kämp Group hotel
Consti Group Plc has made a deal on the complete renovation of an Yrjönkatu office building into a new hotel for Kämp Group in Helsinki.
The value of the deal is over 20 million euro, and it includes the complete renovation of the building, ranging from façade renovation to luxury hotel standard technical building services. The work is commissioned by Housing Company Yrjönkatu 13, which is owned by CapMan Nordic Real Estate fund.
The work will begin in January 2016 and it will be completed in summer 2017. The renovation will be conducted as a project management contract. The venture strengthens Consti’s expert position in demanding building use modifications.
“Building use modifications and demanding technical building service installations are strong expertise areas of ours. Hotel St. George is an excellent continuation to our line of hotel renovations in Helsinki,” says Marko Holopainen, CEO, Consti Group Plc.
Significant hotel renovations carried out by Consti in the past include for example Scandic Hotel Park, Hilton Helsinki Strand and Klaus K.
Kämp Group’s new Hotel St. George will have approximately 150 hotel rooms, and for example reception areas, a restaurant, a bar, spa facilities, and a winter garden. The total building area is approximately 13000 square meters, of which about 1000 square meters is new space.
The forthcoming hotel in the heart of Helsinki consists of two buildings. The property was originally built for residential use. It was designed by Onni Tarjanne and its first part dates back to 1890. In the past years it has been in office use.
The St. George project significantly strengthens Consti’s orderbook for 2016.
For additional information please contact
Consti Group Plc CEO Marko Holopainen, tel. +358 (0) 400 458158
Consti Korjausurakointi Ltd CEO Jukka Mäkinen, tel. +358 (0) 50 4210300
Consti is a leading Finnish company concentrating on repair and construction and housing technology. Consti offers comprehensive building technology, pipeline renovation, façade renovation and other demanding construction and maintenance services for residential and commercial buildings. Consti has three business areas: housing technology, façades and renovation construction. In 2014 Consti Group’s turnover was 216 million euro. It employs over 900 professionals in renovation construction and housing technology. Consti Group Plc is listed on Nasdaq Helsinki. The trading code is CONSTI. www.consti.fi