NCC Construction Finland has announced that it has been awarded a contract to build a 263-unit housing project at Jaatkasaari in Helsinki.
The City of Helsinki Residential Production Department has awarded the order worth SEK 460 million to NCC, which will register the order in the fourth quarter of fiscal year 2011. Out of the 263 apartments, 177 units will be rental apartments and the remaining 86 will be owner-occupied and price-controlled units called Hitas apartments.
As per the contract, NCC will also build a garage nearby the housing units. Construction is scheduled to start in January 2012, and will continue for nearly two years. At present, the company is constructing two projects in Jaatkasaari. One is a turnkey project featuring 131 apartments for the Helsinki Housing Production Department and the second one is the development of 206 student housing units for Homes for Students (HOAS).
One of the key development regions of Helsinki is Jaatkasaari and is being included in order to become an integral part of the inner city. It is predicted that Jaatkasaari will have nearly 6,000 workplaces and 16,000 residents by mid-2020.
With this project to develop 263 apartments at Jaatkasaari, NCC will now construct nearly 686 housing units in total for the City of Helsinki Residential Production Department in the Helsinki region.
Source: http://www.ncc.se