Skanska has been chosen by Citycon to construct four residential towers as part of the Lippulaiva urban development project!

 

As part of the Lippulaiva urban development project, Citycon has signed an agreement with construction company Skanska to build four residential towers. This is in line with Citycon's urban hub development strategy. Citycon is increasingly focusing on mixed-use projects that include residences, offices, retail, and a variety of service offerings all linked to transportation. real estate qatar

In the north-western extremity of Lippulaiva, above the bus terminal, four residential towers of 4-14 floors and 275 apartments will be developed. The residential towers will be completed between the end of 2022 and the beginning of 2023, with construction starting in the spring of 2021. This is a significant step forward in Citycon's efforts to expand its residential business. On the site, eight residential towers will be constructed, with a total of 550 new apartments. On December 2, a preliminary agreement was made with the construction company Hausia for the sale of residential building rights for two residential towers.

Skanska is also the main contractor for the shopping center component of the Lippulaiva urban development project. In October of this year, a contract agreement for the shopping center was signed. With VAT, the total price of the currently signed contract for residentials is around EUR 50 million.

"We chose Skanska as our partner based on the received tenders and after the development stage," says Risto Seppo, Citycon's Property Development Director. "We are convinced that by using the same construction company for both the shopping center and the residentials, we will significantly reduce the risks during construction and ensure the same high quality," says Seppo.

"I'm thrilled that our collaboration with Citycon has expanded to include residential buildings. We use Skanska's competence extensively in this diverse business, from design and procurement through construction "Skanska's District Manager, Jorma Seppä, agrees.

From shopping malls to mixed-use urban centers, there's something for everyone.

Lippulaiva is currently undergoing a significant redevelopment project, with the previously demolished commercial centre being rebuilt with a bustling urban hub that comprises a new and modern shopping center, residential towers, and a metro station. The new Lippulaiva will include a total of 30,000 square meters of residential space, as well as 44,000 square meters of commercial area that will house around 100 different units, such as grocery stores, cafés, restaurants, services, and office spaces.

"Lippulaiva is a great example of Citycon's strategy, and we're getting close to putting it into action. Our concept of developing mixed-use urban centres in which residentials, offices, and a variety of service offerings are created in close proximity to the shopping centre is aided by the construction of residential towers. We're putting an even greater emphasis on constructing mixed-use developments and densifying the urban environment around our shopping malls "Citycon's Chief Development Officer, Erik Lennhammar, says