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Boosting the shopping centre – Aalto-yliopistokiinteistöt acquired share majority


In October 2015, Aalto-yliopistokiinteistöt Oy acquired Otaniemen Pankkitalo Oy and the share majority in Otaniemen Liikekeskus Oy. These companies manage Otaniemi shopping centre at Otakaari 11. The centre was designed by Alvar Aalto in 1961 and has been expanded since.

The purpose of the transaction is to develop Otaniemi services more comprehensively and utilise this centrally-located culturally and historically valuable building in a way that befits its value. The centre will be developed as part of the area services, and, when possible, the existing operations will be retained until the completion of the New Building (Väre). The plan is that the shopping centre will provide basic services and new service concepts that have not been seen before in Otaniemi. The shopping centre, now described as a bit bleak and forgotten, will be an interesting, appealing meeting point.

More information:
Eetu Ristaniemi, Director Real Estate Investments, Aalto University Campus & Real Estate, p. 040 773 9083