Nordic construction company NCC has been tasked with redeveloping and extending the Metallum property in Espoo, Finland, by HGR Property Partners, a real-estate development and investment company.
The project, valued at approximately Skr500m ($51.97m), is adjacent to the Otaniemi University campus and includes the construction of new office and retail premises.
The redevelopment project encompasses a total area of approximately 19,500m虏, with about 15,000m虏 of new construction and 5,000m虏 of redevelopment.
The initiative also involves demolishing an existing building and constructing an underground garage.
A year-long development and planning phase preceded the final agreement.
Construction is set to begin immediately, with the project’s completion targeted for the end of 2026.
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By GlobalDataThis order will be registered in the NCC Building Nordics business area in the second quarter of 2025.
NCC Building Nordics head Catarina Mol茅n-Runn盲s said: 鈥淥ur task here is both to preserve a building of cultural and historical importance, and to build new premises. This requires careful craftsmanship and solid experience. We look forward to realising our shared vision together with HGR.鈥�
HGR Property Partners senior director of construction Veli-Matti Salonen said: “Over the past few years, we have worked in close dialogue with tenants, authorities, designers and NCC as a main contractor, to create a modern and user-oriented office property.
“Launching the project in this market situation signals that there is still a demand for high-quality projects, tailored to the needs of the user. This is an excellent example of good early-stage collaboration.”
In April 2025, NCC started the construction of a new primary school in 脛ngelholm, Sweden, in partnership with 脛ngelholmslokaler.
During the same month, property owner Hems枚 selected NCC to redevelop M盲lardalen University鈥檚 鈥楽鈥� building in V盲ster氓s, Sweden, in a Skr150m project to transform the existing teaching facility into modern office spaces.
