In a statement, NCC said it plans to convert three existing industrial brick buildings into around 55,000 m2 of office, retail and residential accommodation on the site, which is located in the centre of the city.

The project is being implemented in phases, with phase I consisting of the refurbishment of a 5,300-m2 building, constructed in 1898. The asset has already been leased in its entirety to Amer Sports. The revamp is scheduled for completion by the end of April 2014 at the latest.

NCC said it plans to achieve a BREEAM Very Good rating for all of the Vallila buildings. It would be the first time that a refurbished building receives this certificate in Finland.