Helsinki, Finland
Finland's land register will sell anyone a certificate of title naming a property's owner for €16, and its purchase price register is public, yet Helsinki's ground is held mostly by the City itself, with the State, a few listed landlords and the pension insurers owning most of what the City does not.
12 buildings · 11 with an owner established · 39 sources · 9 tier A · 3 tier B · prepared 2026-10-20
Can you find out who owns it?
Ownership of land in Finland is recorded in the Land Information System kept by the National Land Survey (Maanmittauslaitos, NLS). Anyone can buy a certificate of title (lainhuutotodistus) naming the owner, at €16 from the NLS e-service or €19 from customer service, and by phone the NLS will give ownership details for up to ten properties a year free of charge. The purchase price register (kauppahintarekisteri) is public and holds every property transfer since 1985, but individual sales are released only on request or under a permit; the free, CC BY 4.0 output is statistics. Most Helsinki homes are shares in housing companies (asunto-osakeyhtiö) recorded in a separate apartment register, so the land title names the housing company, not the residents, and much of the city's land is leased from the City.
Is ownership public?Public, but one paid search at a time
Cost of one title search€16 per certificate of title from the NLS e-service; €19 from customer service or the online form (no VAT); ownership of up to 10 properties free by phone per 12 months
Bulk ownership dataNLS property-information interface services (titles and mortgages REST; property transaction OGC API) — service agreement, charges, and a permit under the KTJ Act and the Purchase Price Register Act
Sale pricesEvery sale, with its address
Sites that forbid taking their data
- lumo.fi (Lumo Homes, formerly Kojamo) — “However, the material may only be used for non-commercial and personal purposes. Duplicates or parts thereof may not be sold or distributed electronically or as paper copies for commercial purposes…”
- ilmarinen.fi — “The copying, use, replication, modification, borrowing, forwarding and other use of the material in any form whatsoever, even partially, is prohibited without Ilmarinen’s explicit written consent…”
- elo.fi — “Sivujen osittainenkin julkaiseminen, levittäminen, siirtäminen, kopioiminen, uudelleen tuottaminen, varastointi tai muu hyödyntäminen ilman Elon etukäteen antamaa nimenomaista kirjallista suostumusta on kielletty. (Even partial publication, distribution, copying, reproduction or storage of the pages without Elo's prior written consent is prohibited.)”
- yitgroup.com — “YIT grants you the right to view and download material provided on YIT’s website for personal, non-commercial purposes only…”
- varma.fi — “The publication, reproduction, transmission or alteration of the website or layout is prohibited without the consent of the immaterial rights holder… The material may be quoted in accordance with the Finnish Copyright Act.”
1
The marquee buildings
The towers that set the tone of the core, and who holds them. A price is the price a document states, on the date it states — not an estimate of what the building is worth now.
| Building | Use | Owner | Owner type | Last price paid |
|---|---|---|---|---|
| Helsinki Central Station (Helsingin päärautatieasema) Kaivokatu 1, Helsinki |
Civic | VR Group (VR-Yhtymä Oyj) VR Group's release of 10 May 2023 lists Helsinki among the 25 passenger-station properties VR owns ('VR omistaa seuraavat asemat: … Helsinki …') and says the Helsinki and Tampere stations are not among those to be transferred in the coming years because of development projects under way there. VR is giving up its other stations in stages, mostly to cities; station ownership elsewhere is split between VR, the Finnish Transport Infrastructure Agency (Väylävirasto), Senate Properties, private firms and municipalities. VR is wholly state-owned. Eliel Saarinen's building opened in 1919. No price: never sold. |
Government | —A |
| Kamppi Centre (Kampin keskus) Urho Kekkosen katu 1, Kamppi, Helsinki |
Mixed use | Allianz and TH Real Estate (now Nuveen) — 50:50 joint venture 50:50 (as of 2017) Avance Attorneys, 23 Feb 2017: TH Real Estate agreed to acquire a 50% stake in the Kamppi Centre, 'a prime shopping centre located in Helsinki', from Barings Real Estate Advisers acting for the Nordic Retail Fund, 'creating a 50:50 joint venture partnership between Allianz and TH Real Estate'; the stake 'values the centre at over EUR 500 million' and was bought for TH Real Estate's European Cities Fund. The lead that Citycon owns Kamppi is wrong: Kamppi is not among Citycon's nine Finnish centres. Allianz and TH Real Estate are insurer and pension-fund (TIAA) investment managers; whether the 2017 JV still holds was not checked. |
Institution | EUR over €500 million (valuation of the whole centre implied by the 50% stake) 2017-02 TH Real Estate bought 50% from Barings Real Estate Advisers for the Nordic Retail Fund; the stated figure is the implied value of the whole centre, not the price paid. A |
| Stockmann department store, Helsinki centre (Stockmannin tavaratalo) Aleksanterinkatu 52, Helsinki c. 51,500 m² leasable |
Retail | Keva Roschier (Stockmann's counsel), 21 Mar 2022: Stockmann plc 'has agreed on the sale of its department store property in Helsinki city center, with a long leaseback agreement, to Finnish pension provider Keva'; 'The value of the transaction is EUR 400 million'; Stockmann continues 'in the entire building under a long leaseback agreement'. Keva is Finland's public-sector pension provider. The sale funded repayment of Stockmann's restructuring debt — the distress behind the deal. The 51,500 m² area, the c. 4.2% net yield and the 7 Apr 2022 closing are from Stockmann's releases seen in search results only (lindexgroup.com serves a bot check). Stockmann plc is now Lindex Group plc. |
Pension fund | EUR €400 million 2022-03 Sale and leaseback agreed March 2022; Stockmann continues in the entire building under a long lease. Stockmann's own release says c. €391m paid at closing (not opened). A |
| Forum shopping centre (Kauppakeskus Forum) Mannerheimintie 14–20, Helsinki |
Retail | Sponda Oy (a Blackstone Real Estate portfolio company) Sponda's 'Sponda as a company': 'We own the leading shopping centres in Helsinki and Tampere (Forum, Citycenter and Ratina)'; 'Sponda is a Blackstone Real Estate portfolio company'. Its shopping-centre page says its centres and retail spaces had 36.2 million visitors in 2025. Sponda's own property page is titled 'Helsinki Kamppi Mannerheimintie 14–20', which is where the address comes from. No price for Forum alone. |
Private equity | —A |
| Finlandia Hall (Finlandia-talo) Mannerheimintie 13e, Helsinki |
Civic | City of Helsinki (Helsingin kaupunki) City of Helsinki release, 11 Nov 2024: the nearly three-year basic renovation is complete; 'Helsingin kaupungille on omistajana tärkeää säilyttää rakennus arvoisessaan asemassa' (as owner, it is important to the City to keep the building in its due standing); the City began planning the renovation of the 1971 building in 2021, and the contract was delivered within a maximum price of €136.5 million; nearly 2,000 m² of technical space was built underground. The venue is run by Finlandia-talo Oy (mailing address Mannerheimintie 13 e); Wikipedia says its whole share capital is City-owned. Alvar Aalto design. Never sold. |
Government | —A |
| Helsinki Central Library Oodi (Keskustakirjasto Oodi) Töölönlahdenkatu 4, Helsinki 10,000 m² of space (17,000 m² gross) · 3 floors |
Civic | City of Helsinki (Helsingin kaupunki) 'Oodi lukuina', the library's own fact sheet under the City of Helsinki logo: three floors, 10,000 m² of space (17,000 gross m²); building cost €98 million, of which the State's share was €30 million. It is run by Helsinki City Library. The fact sheet does not use the word 'owns', so the owner is tier B: the City built and runs it, and Wikipedia says the City budgeted €66 million. A €16 title certificate would confirm. Opened December 2018. Never sold. |
Government | —B |
| Helsinki Cathedral (Helsingin tuomiokirkko) Unioninkatu 29, Senate Square, Helsinki |
Institutional | Helsinki Parish Union (Helsingin seurakuntayhtymä) The Parish Union's 2025 financial statements list the completion of the Cathedral's two-year facade repair as the largest property investment by value that year, paid from the union's property department budget — which points to the union, not the Cathedral parish, as the holder; churches in Helsinki are held jointly by the union and used by the parishes. Tier B because the statements do not name the Cathedral as an owned asset in terms. Evangelical Lutheran Church of Finland. Never sold. |
Institution | —B |
| Parliament House (Eduskuntatalo) Mannerheimintie 30, Helsinki |
Civic | Finnish State English Wikipedia's infobox gives the owner as 'Finnish Government'; designed by J. S. Sirén, built 1926–1931, inaugurated 7 March 1931. Parliament's own page on the building renders by JavaScript and could not be read, and no source opened says whether title sits with Parliament itself or with Senate Properties, which administers most state-owned buildings — so tier B on a single secondary source. Never sold. |
Government | —B |
| Helsinki Airport (Helsinki-Vantaan lentoasema) — in Vantaa, not Helsinki Lentoasemantie 1, Vantaa |
Civic | Not established the register is open, but this building was not matched The airport is in the neighbouring City of Vantaa, about 17 km north of Helsinki's centre (Wikipedia, s24), so it is outside the City of Helsinki. Wikipedia says it 'is operated by state-owned Finavia'; Finavia's own page says it is 'an airport company owned by Finns' that will 'manage and develop 20 airports around Finland'. Operating and managing are not ownership, and no source opened states who holds title to the land and terminals, so the owner is left blank; a €16 NLS certificate of title would answer it. |
Government | —A |
| Helsinki Court House (former Alko building) Porkkalankatu 13, Helsinki nearly 50,000 m² leasable |
Office | Hemsö Avance (Hemsö's counsel), 21 Dec 2018: Hemsö, 'Sweden's leading private owner of properties for public use', is acquiring the Helsinki Court House for approx. EUR 200 million; nearly 50,000 m² leasable, customised for the Ministry of Justice; the State is the largest tenant (Helsinki District Court, Court of Appeal, Legal Aid Office, Prosecutor's Office); built in 1940 for the state alcohol company Alko. Hemsö's own shareholders were not checked. Address not in the source. |
Private company | EUR approx. €200 million 2018-12 Agreed December 2018; closing expected January 2019. A |
| Book House (Kirjatalo), Helsinki centre Keskuskatu, Helsinki city centre 8,861 m² gross leasable |
Retail | AEW Europe City Retail Fund Avance (Stockmann's counsel), 9 May 2018: Stockmann plc 'in the sale of its Book House property in Helsinki city centre to AEW Europe City Retail Fund for a sales price of EUR 108.6 million'; gross leasable area 8,861 m²; largest tenants Bonnier Books, HOK-Elanto, Isku Invest and Technopolis. Together with the 2022 department-store sale to Keva, it shows Stockmann selling its Helsinki real estate to raise cash. Whether the fund still holds it was not checked; the street address is not in the source. |
Private equity | EUR €108.6 million 2018-05 Sale agreed by Stockmann plc, May 2018. A |
| Old and New Student Houses and the HYY city-centre block (Vanha ja Uusi ylioppilastalo, Citytalo, Kaivotalo, Hansatalo, Kaivokatu 12) Mannerheimintie 3–5 / Kaivokatu, Helsinki |
Mixed use | Consortium led by Keva, with Mrec Investment Management Oy and HGR Property Partners Oy Avance (the seller's counsel), 22 Dec 2025: the Student Union of the University of Helsinki (HYY) completed the sale of the New Student House, the Old Student House, Citytalo, Kaivotalo, Hansatalo and Kaivokatu 12 to a consortium led by the Finnish pensions institution Keva; co-investors Mrec Investment Management Oy and HGR Property Partners Oy will manage and develop the assets. Stakes and price are not stated. These blocks sit opposite Stockmann and the Central Station; the addresses are general, not from the source. |
Pension fund | —A |
2
The core land
The most valuable ground in the city, and what the public record says about it.
The most valuable ground is the city centre around the Central Station, Esplanadi, Aleksanterinkatu and Kamppi, much of it held by the City, the State, pension insurers and a few foreign-owned platforms. Finland publishes no open per-parcel assessment roll, and the NLS purchase-price register gives individual sales only on request or under a permit, so the figures below are the City's own plot sales and sale prices stated by the parties.
City of Helsinki's share of land in Helsinkiabout 65% (about 138 km²)
City land-policy key figures, as of 31 Mar 2026 (s11).
Highest-priced City plot sale per floor m² in the 2020–2025 tables€1,583 per m² of floor area (Punavuorenkatu 26, 5,521 m² floor area, €8.74m, 2020)
City land-policy key figures (s11), table of residential plots sold in 2020; the €/k-m² is the City's own figure, based on total building rights. Buyer was a housing company.
City office plot, Katajanokanlaituri 4 (sold to Varma, 2021)€17.0 million for 16,996 m² of floor area (€1,000 per floor m²)
City land-policy key figures (s11), commercial plots sold in 2021.
Stockmann department store sale and leaseback, 2022€400 million
Roschier, 21 Mar 2022 (s10). The c. 51,500 m² area appears in Stockmann's own releases, which could not be opened, so no per-m² figure is given.
Alvar Aallon katu 3 (Töölönlahti), 2018about €116 million for 11,845 m² — about €9,800 per m² (derived)
Ilmarinen release, 20 Dec 2018 (s19); the per-m² figure is our own division, not a stated number.
Helsinki Court House, 2018approx. €200 million for nearly 50,000 m² leasable — about €4,000 per m² (derived)
Avance, 21 Dec 2018 (s26); our own division.
Homes completed in Helsinki, 20254,186 completed; 3,242 started (target 7,000 a year)
City housing-programme monitoring report 2026 (s29).
3
Who owns the town
At this scale the significant owner is rarely a trust or a fund: it is one or two local holding companies, a family in its second or third generation, and often the land around the town rather than the buildings in it.
Helsinki's ground is held mostly by the City itself: the City says it owns about 65% of the land in Helsinki (about 138 km²) and prefers to lease plots rather than sell them, so much private building stands on City leasehold. The lead figure of 'about 70%' is not what the City states. The State holds its share through Senate Properties and the state railway company VR; the private-sector landlords with the most in the city are the residential company Lumo Homes (formerly Kojamo) and the earnings-related pension insurers Ilmarinen, Varma, Elo and Keva. Figures below are each body's own national or city totals as stated; none was split down to the City of Helsinki unless the source does so.
| Name | Type | Holdings |
|---|---|---|
| City of Helsinki (Helsingin kaupunki) The City's land-policy key figures (dated 31 Mar 2026): 'Helsingin kaupunki omistaa noin 65 % Helsingin maa-alueista (noin 138 km²)'; it hands over a significant number of plots each year for housing and commercial building and acquires land the city's development needs. Its tables show plot sales, ground-rent income and the leasehold stock in floor-area terms; a 2011 City brochure gave the same 65% ('yli 120 neliökilometriä') and 2.7 million m² of City-owned lettable premises. |
Government | about 65% of Helsinki's land area (about 138 km²)A |
| Helsingin kaupungin asunnot Oy (Heka) — City of Helsinki Heka's 'Toiminta ja tavoitteet': 'Helsingin kaupungin asunnot Oy (Heka) on Helsingin kaupungin kokonaan omistama yhtiö'; non-profit, pays no dividend; more than 500 sites with about 54,500 homes; the City picks the tenants; it also owns about 1,650 flats in housing companies (from Helsingin Asuntohankinta Oy, transferred late 2022) and 44 special-housing sites with about 3,000 homes. Heka calls itself Finland's largest landlord by number of homes; its English page says 'about 55,000 apartments'. |
Government | about 54,500 rental homes in 500+ sites; plus c. 1,650 flats held as housing-company sharesA |
| Senate Properties (Senaatti-kiinteistöt) — Finnish State Senate Properties is 'the real estate expert and work environment partner of the Finnish Government', an unincorporated state enterprise under the Ministry of Finance; with Defence Properties Finland it forms Senate Group, which in 2025 had 8,200 buildings, a €6.3bn balance sheet and €763m of investment. The group also includes Senate Station Properties Ltd, set up in 2019 because ownership of state land in railway station areas had been split between Senate, VR and the transport agency. No Helsinki-only figure was found. |
Government | 8,200 buildings nationally; group balance sheet €6.3 billion (2025)A |
| VR Group (VR-Yhtymä Oyj) — Finnish State VR's 10 May 2023 release: VR owns 25 passenger-station properties and three border stations and is giving them up in stages, mainly to cities; Helsinki and Tampere are excluded for the coming years because of development projects. Net sale proceeds go to the State as owner under VR's dividend policy. In 2025 it sold Parkano, Kotka and Jokela stations (s8). Its property unit also holds depots, workshops and logistics sites. |
Government | 25 passenger-station properties plus 3 border stations nationally (May 2023), including Helsinki CentralA |
| Lumo Homes plc (formerly Kojamo plc) Half-year report Jan–Jun 2026: 'Lumo Homes owned 43,615 (40,946) rental apartments at the end of the review period'; fair value of investment properties €8.5 (7.9) billion; no apartments under construction; 'Finland's largest residential real estate company', listed on Nasdaq Helsinki and headquartered at Mannerheimintie 168A, Helsinki. The report gives no Helsinki-only count. kojamo.fi now redirects to yritys.lumo.fi. |
Public company | 43,615 rental apartments nationally; investment properties €8.5 billion (30 Jun 2026)A |
| Ilmarinen Mutual Pension Insurance Company Ilmarinen, 12 Sep 2024: it owns about a hundred business, office, warehouse and other properties, a significant share in the capital region; in central Helsinki it owns, among others, Postitalo (the main post office building), Aleksanterinkatu 13 and Aleksanterinkatu 40–42 (Kämp Galleria). Its real-estate investment assets were about €5.8bn at end-2023. In Dec 2018 it sold Alvar Aallon katu 3 (11,845 m², Töölönlahti) to M&G European Property Fund for about €116m (s19). |
Pension fund | about 100 commercial properties; real-estate assets c. €5.8 billion (end-2023)A |
| Varma Mutual Pension Insurance Company Varma's 'Varma as a real estate investor': 'one of Finland's largest real estate investors, with real estate assets worth approximately EUR 4.3 billion'; 70 commercial premises and business properties; 'A significant portion of our properties are situated in the Helsinki metropolitan area', including Katajanokan Laituri. The City's plot-sale table shows Varma buying the Katajanokanlaituri 4 plot (16,996 m² floor area) from the City for €17.0m in 2021 (s11). |
Pension fund | real-estate portfolio c. €4.3 billion; 70 commercial properties (30 Jun 2026)A |
| Elo Mutual Pension Insurance Company Elo, 20 Feb 2025: 'Elo omistaa pääkaupunkiseudulla, Tampereella, Turussa ja muissa kasvukeskuksissa yhteensä noin 6 000 vuokra-asuntoa', let through manager partners; also commercial premises marketed on toimitilat.elo.fi. In 2025 the City sold Elo a built leasehold plot at Tuhkimontie 3 (7,387 m²) for €3.16m (s11). |
Pension fund | about 6,000 rental homes (capital region, Tampere, Turku and other growth centres)A |
| University of Helsinki (Helsinki University Properties Ltd and the University of Helsinki Funds) University of Helsinki Group page: Helsinki University Properties Ltd, 'fully owned by the University of Helsinki', owns about 328,000 m² of premises (c. 92% used by the University), book value about €390m at end-2024 — largest: Kumpula campus buildings 52,590 m², Haartman Institute 40,752 m², Viikki Biocentres 37,707 m². The University of Helsinki Funds owns 310,368 m² of premises and housing (c. 82% University-used), valued at €380m — including the 'Elk' block from Kaisa House to Porthania (45,085 m²), the National Library (23,923 m²) and the Main Building (16,925 m²) in the city centre. The page also lists a 33.8% stake in a property company jointly owned with other universities. |
Institution | c. 328,000 m² (company) + 310,368 m² (Funds); book values c. €390m and €380m (end-2024)A |
| Helsinki Parish Union (Helsingin seurakuntayhtymä) — Evangelical Lutheran 2025 financial statements: the union's investment properties (residential blocks, housing and property companies, single flats, plots and land) were valued at about €161m at end-2025 — €98m residential, €23m office and retail, €40m plots and land — with 96.3% occupancy in flats; two plots sold in 2025 for about €2m. Churches and parish premises are counted separately; the largest 2025 investment was finishing the Cathedral's facade repair. Its 23 subsidiaries hold buildings with a book value of €120.8m and land of €8.1m. It also owns land jointly with the Vantaa parish union. |
Institution | investment property c. €161m market value (end-2025), plus churches, parish halls and cemeteries; 23 subsidiariesA |
| Keva (public-sector pension provider) Keva bought Stockmann's Helsinki department store for €400m in a 2022 sale and leaseback (s10) and in December 2025 led the consortium, with Mrec and HGR Property Partners, that bought the Student Union's city-centre properties: the Old and New Student Houses, Citytalo, Kaivotalo, Hansatalo and Kaivokatu 12 (s28). Roschier puts Keva's investment assets at about €67bn at end-2021; no real-estate total was opened. |
Pension fund | Stockmann department store (€400m, 2022) and the HYY student-house block (2025); investment assets c. €67bn (end-2021)A |
5
Who builds the houses
New-home building in this market: the volume, and the firms behind it. Ownership of a builder matters as much as its volume — a private-equity platform and a family firm behave differently.
Helsinki's housing is built on City land more than on anyone else's: 60% of the homes completed in 2025 stood on City-owned plots, mostly let on ground leases, and there the output was mainly intermediate tenures (46%, such as right-of-occupancy and Hitas price-controlled ownership) and long-term state-subsidised rentals (38%). On other land, 65% was market-rate or short-subsidy rental. In all, 4,186 homes were completed in 2025 and 3,242 started — a slump from the City's 7,000-a-year target. The City is itself the largest single builder. No official league table of private builders exists for Helsinki; the figures below are the builders' own national totals, said so in each note.
| Name | Type | Homes |
|---|---|---|
| City of Helsinki housing production (Asuntotuotanto, ATT) City monitoring report: 'Kaupungin omana tuotantona valmistui 1 444 asuntoa' — 691 rental homes for Heka, 378 right-of-occupancy homes for Haso and 375 Hitas-regulated owner-occupied homes; 838 started, 449 of them for Heka. The three-year average is 1,420 completions against a 1,500 target. ATT also ran the renovation of 1,436 Heka homes completed in 2025. That is about a third of all homes completed in Helsinki that year (our division of 1,444 by 4,186). |
Government | 1,444 homes completed in 2025; 838 startedA |
| YIT Corporation YIT Annual Review 2025, Residential Finland segment: 'Consumer apartment sales in 2025 decreased to 490 (589) apartments. Consumer apartment starts increased to 477 (160) apartments'; 524 unsold completed apartments. National figures, not Helsinki-only; YIT says apartment sales in Finland 'did not develop as expected' and that the Baltic and CEE countries are now its main housing market. Listed on Nasdaq Helsinki. YIT's website terms allow personal, non-commercial use only; this is a single quoted figure. |
Public company | Finland: 477 consumer apartment starts, 490 sales (2025)A |
| Lumo Homes plc (formerly Kojamo) Half-year report Jan–Jun 2026: 43,615 (40,946) rental apartments, the rise coming from a portfolio bought in April 2026; 'At the end of the review period, there were no Lumo apartments under construction.' Finland's largest private residential landlord, buying rather than building at present. Its site's terms restrict use to non-commercial and personal purposes; figures are quoted, not reproduced. |
Public company | 43,615 rental apartments (30 Jun 2026); none under constructionA |
| SATO Oyj SATO's 'SATO as a company': 'one of the largest housing providers in Finland', with some 27,500 rental apartments in the Helsinki Metropolitan Area, Tampere and Turku; key figures 27,314 SATOhomes and €5.4bn fair value of investment properties at 30 June 2026; 47,000 residents. Its shareholders are not stated on this page, so the ownerType is 'private' only. |
Private company | 27,314 rental homes (30 Jun 2026); investment properties €5.4 billionA |
| Elo Mutual Pension Insurance Company Elo owns about 6,000 rental homes in the capital region, Tampere, Turku and other growth centres (Feb 2025), let through manager partners. Pension insurers are among the largest buyers of new rental blocks from developers. |
Pension fund | about 6,000 rental homesA |
6
Commercial landlords
The commercial side, counted separately from housing: who holds the office, retail and industrial floor area.
Central Helsinki's offices and shops are owned mainly by private-equity platforms, Nordic pension money and listed retail landlords, and several of the biggest are now foreign-owned: Sponda is a Blackstone portfolio company, Kildare Partners took Technopolis off the stock exchange, and Israeli-listed G City now holds more than 90% of Citycon. The Finnish pension insurers Ilmarinen, Varma, Elo and Keva are major direct owners as well — Keva now holds the Stockmann block and the HYY student-house block. Figures are each owner's own, usually national.
| Name | Type | Portfolio |
|---|---|---|
| Sponda Oy (Blackstone) 'Sponda is a Blackstone Real Estate portfolio company'; leasable area 0.7 million square metres; it owns, leases and develops office, commercial and retail premises, focused on the Helsinki metropolitan area, Tampere and other large cities, 'with a particular focus on the central business districts'. |
Private equity | 0.7 million m² leasable; owns Forum and Citycenter in HelsinkiA |
| Citycon Oyj (G City Ltd) Citycon owns 28 necessity-based centres (9 in Finland, mostly Greater Helsinki: Iso Omena and Lippulaiva in Espoo, Myyrmanni in Vantaa), assets about €3.8bn. On 2 Sep 2026 Citycon announced that G City and its subsidiary Gazit Europe Netherlands hold more than nine-tenths of its shares and will redeem the minority (s34). Kamppi is not a Citycon centre. |
Public company | 28 centres, assets c. €3.8 billion; 9 centres in FinlandA |
| Ilmarinen Mutual Pension Insurance Company Owns Postitalo, Aleksanterinkatu 13 and Aleksanterinkatu 40–42 (Kämp Galleria) in central Helsinki, among about a hundred properties. Co-owns Antilooppi with Sweden's AMF Tjänstepension (s36). Ilmarinen's terms forbid copying its material without written consent; single facts quoted. |
Pension fund | about 100 commercial properties; c. €5.8 billion real estate (end-2023)A |
| Varma Mutual Pension Insurance Company A significant portion in the Helsinki metropolitan area, including Katajanokan Laituri; also several hotel properties across Finland. |
Pension fund | c. €4.3 billion real estate; 70 commercial properties (30 Jun 2026)A |
| Antilooppi (Ilmarinen and AMF Tjänstepension) Antilooppi is 'a sustainable and evergreen Finnish real-estate owner that focuses on office properties in the Helsinki region', 'owned by the Finnish pension insurance company Ilmarinen and the Swedish pension insurance company AMF Tjänstepension AB'. In 2016 it bought the majority of a landmark retail and office property in Hakaniemi of about 27,000 m² from HOK-Elanto and several trade unions (s37). Its site gives no portfolio total. |
Pension fund | office properties in Helsinki, Vantaa and Espoo (no total stated)A |
| Technopolis (Kildare Partners) Technopolis: 13 campuses hosting 1,200 companies and more than 30,000 employees in four countries; its shares were listed on the Helsinki Stock Exchange 1999–2019 and delisted after Kildare Partners' public tender offer in autumn 2018. In Helsinki it runs the Ruoholahti campus (Salmisaari). No Helsinki floor-area figure is given. |
Private equity | 13 campuses in four countries; 1,200 companiesA |
?
Looked for and not found
Claims this page would have made if a source could be opened. They are left out rather than guessed.
- The City of Helsinki's land share: the lead said 'about 70%'; the City's own figure is about 65% (about 138 km²). The leasehold stock in floor m² and ground-rent income are in the City's charts as images only.
- Kamppi Centre: Allianz and TH Real Estate (now Nuveen) 50:50 as of Feb 2017. Whether that JV still holds was not checked; Citycon does not own Kamppi.
- Helsinki Central Station's adjoining former VR head office, reported in 2018 as sold to Exilion for €55m to become a hotel. Yle and Kaleva carried this but disallow our agent, so no price is recorded.
- Helsinki Airport (in Vantaa): whether Finavia or the State holds title. Every source opened says 'operated' or 'manage'.
- Parliament House: title holder (Parliament itself or Senate Properties) not established; rests on Wikipedia's infobox.
- Oodi and Helsinki Cathedral: owners are tier B. A €16 NLS certificate of title for each would settle them.
- Stockmann sale: closing on 7 Apr 2022, the c. 51,500 m² area and the c. €391m cash paid at closing come from Stockmann releases seen in search only.
- Finnish Transport Infrastructure Agency (Väylävirasto) rail and road land in Helsinki, and the State's land share. No figures were found.
- Helsinki-only splits for Lumo, SATO, Varma, Ilmarinen, Elo and Senate Properties. Each source gives national totals only.
- SRV, Skanska, NCC, Bonava and other private housebuilders' Helsinki volumes. No Helsinki builder league table exists; only YIT's national figures were opened.
- Book House (AEW Europe City Retail Fund, 2018) and Eteläesplanadi 2 (NREP, bought from Allianz Dec 2022, c. 14,500 m², Avance) were not checked for later resales.
§
Sources
- Who owns this property unit? — National Land Survey of Finland (Maanmittauslaitos) · openA
- Do you need information about properties? — National Land Survey of Finland · openA
- Property Transaction Query Service (OGC API Features) — National Land Survey of Finland · openA
- Kiinteistökauppojen tilastopalvelu (REST) — property purchase price statistics — National Land Survey of Finland · openA
- Property Information interfaces — National Land Survey of Finland · openA
- The Residential and Commercial Property Information System — National Land Survey of Finland · openA
- VR luopuu vaiheittain asemakiinteistöjensä omistuksesta (VR to give up its station properties in stages) — VR Group · openA
- VR myynyt kolme asemakiinteistöään (VR has sold three station properties) — VR Group · openA
- TH Real Estate acquires 50% stake in the Kamppi Centre — Avance Attorneys Ltd · openA
- Roschier represented Stockmann in the sale and leaseback of its flagship department store property in Helsinki — Roschier, Attorneys Ltd · openA
- Maapolitiikan tunnusluvut — Tilastot 2018–2025 (Land-policy key figures) — City of Helsinki, Urban Environment Division · openA
- Tietoa Hekasta — Toiminta ja tavoitteet (About Heka) — Helsingin kaupungin asunnot Oy (Heka) · openA
- Senate Properties — About us (Senate Group key figures 2025) — Senate Properties (Senaatti-kiinteistöt) · openA
- Senate Station Properties Ltd — Senate Properties · openA
- Lumo Homes plc's half-year financial report 1 January–30 June 2026 — Lumo Homes plc (formerly Kojamo plc) · openA
- Varma as a real estate investor — Varma Mutual Pension Insurance Company · openA
- Tunnetko Ilmarisen kiinteistösijoittamista? (Do you know Ilmarinen’s real-estate investing?) — Ilmarinen Mutual Pension Insurance Company · openA
- Elon kiinteistöjen uudet verkkosivut (Elo’s new property websites) — Elo Mutual Pension Insurance Company · openA
- Ilmarinen sells landmark office building in Helsinki CBD to M&G Real Estate — Ilmarinen Mutual Pension Insurance Company · openA
- Finlandia-talon perusparannus valmistui (Finlandia Hall renovation completed) — City of Helsinki release via STT Info — City of Helsinki, Urban Environment Division (STT Info) · openA
- Oodi lukuina (Oodi in figures) — Helsinki Central Library Oodi / City of Helsinki · openA
- Tilinpäätöskirja 2025 (Financial statements 2025) — Helsingin seurakuntayhtymä (Helsinki Parish Union) · openA
- Parliament House, Helsinki — Wikipedia · openA
- Helsinki Airport — Wikipedia · openA
- About us — Finavia — Finavia Oyj · openA
- Hemsö acquires the Helsinki Court House — Avance Attorneys Ltd · openA
- Stockmann to sell its Book House property — Avance Attorneys Ltd · openA
- The Student Union of the University of Helsinki completes the divestment of its city center properties to consortium led by Keva — Avance Attorneys Ltd · openA
- AM-ohjelman seurantaraportti 2026 (Housing and land-use programme monitoring report, year 2025) — City of Helsinki · openA
- YIT Annual Review 2025 — YIT Corporation · openA
- SATO as a company — SATO Oyj · openA
- Sponda as a company — Sponda Oy · openA
- This is Citycon — Citycon Oyj · openA
- G City Ltd. to commence redemption proceedings in respect of the remaining minority shares in Citycon Oyj — Citycon Oyj (stock exchange release) · openA
- About us — Technopolis — Technopolis · openA
- Antilooppi — company — Antilooppi · openA
- Divestment of landmark property in Helsinki — Avance Attorneys Ltd · openA
- Shopping centres — Sponda — Sponda Oy · openA
- University of Helsinki Group — University of Helsinki · openA