YIT sold the commercial premises of Tammela Stadium to a property investor

YIT Corporation Press release 20 December 2021 at 12:00 p.m.

YIT Tammelan stadion 1
YIT Tammelan stadion 1

YIT has sold the commercial premises of the Tammela Stadium, located in the Tammela district close to the centre of Tampere, to the Terrieri real estate fund managed by S- Bank Private Equity Funds Ltd. The total area of the premises sold is 3,300 square metres. Construction started in July 2021, and the project is due to be completed in November 2023.

YIT will implement the shopping centre, parking and auxiliary facilities located on the basement level of the stadium. The hybrid block will add a lot of new services to the Tammela district and strengthen and improve the urban structure of the area. Kesko will be a tenant in the commercial premises, leasing almost 2,500 square metres for a large K grocery shop. In addition, the premises will feature, among others, a Pancho Villa restaurant. Aimo Park will be the tenant of the parking facility.

"The location of Tammela Stadium is excellent, and the area has a special place in the hearts of Tampere residents. We see a lot of potential in the Tammela area, and we are happy to be involved in the development of the area," says Eero Ojala, Fund Manager of Terrieri real estate fund.

“We are happy to be involved in a project of such significance and get to build a K-Supermarket grocery shop in the area to serve its growing customer base. The location at the stadium is great, as it is located at the interchange point of the tramway routes and there is a versatile hybrid project around with apartments, a football stadium and commercial premises,” says Jari Alanen, Regional Director of Kesko.

“We have opened five new K grocery shops in the growing Pirkanmaa region this year, and this is a good continuation to them and an excellent addition to our network,” Alanen continues.

“It is an honour to be involved in reforming and developing the centre of Tampere with such a unique and significant project. Once complete, the area will be a unique combination of leisure activities, sports, services, parking and housing in the heart of the city,” says Janne Korja, head of YIT’s building construction unit in Tampere.

“To Aimo Park, the renewed Tammela Stadium represents a modern sports sanctuary in the middle of people and the city. The cooperation that is about to begin will further strengthen Aimo Park’s strategic position as a service provider in Tampere’s sports hubs. Aimo Park is humbly proud to be involved in developing the services of this iconic site together with the residents of Tampere,” says Juha Sirelius, CEO, Aimo Park.

YIT will also construct three residential buildings on the Kalevan puistotie side of the hybrid block, with the sales of the Tampereen Ylärima apartments starting in the beginning of 2022. YIT will also build the Vapari and Kulmuri residential blocks of flats, which have been sold to investors. Vapari is being built by X-Group Asunnot Oy and Kulmuri by Asuntopehtoori. The projects include a total of 137 apartments and high-quality commercial space along the busy Kaleva Park Road. The projects have an internal access to the commercial centre under construction, allowing residents to enjoy convenient commercial services.

The apartments in the highest building in the block, Tampereen Ylärima, offer a view over the football field and far over the roofs of the surrounding city in the directions of Kaleva and Tammela. There will be green rooftop courtyards between the houses. The Tammela Stadium is a stylish hybrid stadium that combines a full-sized football field and residential buildings into a cozy package. The stadium’s facade material is light burnet brick, giving the different parts of the project a uniform look.

"Asuntopehtoori wants to contribute to the good development of Tampere. For us, the most important factors in the investment decision were the reputable developer YIT and the great location of the site. In addition, some of our staff are former Ilves players, which makes Kulmuri a particularly close project for us," says Miika Vuorensola, entrepreneur of Asuntopehtoori.

“Tampereen Ylärima offers housing in a place that cannot be described with any other word than unique. At the Tampere residential sales unit, we are happy to be able to offer our customers good and different housing options that meet the needs of different situations in life. The reservation situation proves that the location and apartments have attracted a lot of interest, and we are ready to serve the future residents. All of Ylärima’s apartments can already be viewed virtually in housing sales, furnished with different material options and with the actual views,” says Maarit Riihelä, Sales Manager at YIT.

The Tammela Stadium project is implemented as an integrated project implementation with the City of Tampere. The project includes a football stadium, five residential buildings, commercial premises and parking spaces.

Once complete, the stadium will respond to the increase in the number of football players, and with its seating capacity for 8,000, it meets the requirements of UEFA’s highest category, making high-level international fixtures possible.

For further information, please contact:
Sami Viitanen, Head of unit, Housing, Tampere, YIT Finland Ltd, tel. +358 (0)400 873 516, sami.viitanen@yit.fi
Eero Ojala, Fund Manager, Terrieri Kiinteistöt Ky, tel. +358 (0)40 560 1243, eero.ojala@s-pankki.fi
Jari Alanen, District Director, Kesko Western Finland, tel. +358 (0)50 620 26, jari.alanen@kesko.fi
Juha Sirelius, CEO, Aimo Park, tel. +358 (0)20 7812 405,  juha.sirelius@aimopark.fi 
Anna Leino, Communications Manager, YIT Corporation, tel. +358 (0)50 384 5797, anna.leino@yit.fi

YIT is the largest Finnish and a significant North European development and construction company. With a strong customer focus and clear mission to create better living environments, we develop and build functional homes for sustainable living, future-proof public and commercial buildings and infrastructure for smoother flow of people, businesses and society. We employ 7,400 professionals in ten countries: Finland, Russia, Sweden, Norway, Estonia, Latvia, Lithuania, the Czech Republic, Slovakia and Poland. Our revenue in 2020 was EUR 3.1 billion. YIT Corporation’s share is listed on Nasdaq Helsinki Oy. www.yitgroup.com