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Espoo Centre

Espoo Centre in short

Espoo Centre is a growing city centre and a western gateway to the metropolitan area.

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Espoo Centre development

Espoo Centre will be developed into the most significant city centre of the central and western metropolitan area.

Read more »

Success story: Shopping centre Entresse in Espoo Centre

In Espoo Centre, CapMan owns the local shopping centre Entresse which has some 3.5 million customers annually.

Read more »

Espoo Centre in short

Espoo Centre is a growing city centre and a western gateway to the metropolitan area with some 19,000 inhabitants now and an estimated population of 30,000 by 2050. The multifaceted, unique Vanha-Espoo (Old Espoo) is comprised of a compact urban centre, historic cultural landscapes, village communities and numerous green zones.

Espoo Centre has great public transportation connections and is located right next to the railway. Accessibility will be further improved in the near future as the Espoo city rail line will be completed in early 2020s. All city services are at a walking distance in Espoo Centre. There are good connections to Nuuksio national park and its wide range of recreational possibilities.

Located just next to the mass transit station, the administrative centre is being made into a more liveable environment. Activity plazas, which would serve as the venue for presentations, performances or art, are planned for construction next to the City Council building.

Social welfare and health services are also available in the central area. Espoo Centre's Samaria Health Centre provides everyday health services and Jorvi Hospital, located in the outskirts of Espoo Centre, has plans for expansion in the near future. New, municipal mass transit connections will make getting to the hospital easier.

Omnia, a joint authority of education and a regional development centre, provides vocational education to some 10,000 students, over half of which study in Espoo Centre. The Joint Authority of Education in the Espoo Region also consists of Omnia Youth Workshops, Omnia Apprenticeship Training and Inno-Omnia, where artisans, new types of service providers, students and coaches work together.

Contact:

Project Director Mikko Kivinen, mikko.kivinen@espoo.fi, +358 43 824 9578

Espoo Centre development

Espoo Centre will be developed into the most significant city centre of the central and western metropolitan area. The area will become increasingly urban and more compact through the construction of more residential buildings.

Suviniitty area, currently under construction, will increase the population by 1,000 and the former administrative centre will be transformed into a versatile city environment. 

 

Entresse and Espoontori shopping centres will be enlarged and new apartments will be constructed. Wide complementary construction will also create demand for new services. 

Most important development projects

Suviniitty city centre blocks

Construction is ongoing and will continue for the next 4 years. The construction of five residential blocks, a day care and a new parking building will be initiated during 2016.

Development of administrative centre

Entresse and Espoontori shopping centres house over 40 speciality shops, a library and the municipal archives. Commercial services will be further improved over the next decade. New housing will be attached to these service. On the north side of the railway, city administrative buildings will give way to new housing development whose construction will begin in 2017.

 

 

Lommila shopping centre and Nimismiehenpelto

Straddling the Turku motorway, the Lommila shopping centre and Nimismiehenpelto will be simultaneously developed. In the future, Lommila will be home to a variety of retail services, such as furniture, hardware and grocery stores. The parkway uniting Espoo Centre with the Lommila commercial and employment centre will be developed into the main connection to the railway station.

Success story: Shopping centre Entresse in Espoo Centre

"CapMan Group is a listed private equity fund manager. We have four key investment partnerships: Buyout, Real Estate, Russia and Credit. Each area has its own dedicated investment team and funds. I work for CapMan Real Estate and our work includes managing real estate investments of different funds, amongst other things. 

In Espoo Centre, CapMan owns the local shopping centre Entresse which has some 3.5 million customers annually. The number of customers has been continuously increasing ­– in 2015, the number increased by 2 %. Currently there are approximately 40,000 people living in Entresse’s sphere of influence.   

I definitely see a lot of potential in Espoo Centre in the future. The area has, in fact, developed a lot compared to what it was only 10 years ago. Unlike many other cities and districts in Finland, Espoo Centre is a constantly growing area and new houses and apartments are being built all the time. Thus, there will be an increasing need for more commercial services in the area in the foreseeable future.

 

The administration of the city of Espoo is also concentrated in the area, which has created a lot of workplaces. Espoo Centre is also centrally located and has good public transport connections to Helsinki city centre and elsewhere.” 

Liisa Nikkanen, Commercial Director at CapMan Real Estate

www.capman.com 
entresse.fi