Ecorum

Property transactions   •  Tenant representation   •  Property development

We are an efficient team of property professionals.

We advise corporate management in demanding business premises projects and property arrangements. We develop properties diversely with our customers, and reliably see real estate transactions through to completion.

Our customers include Finnish and foreign property investors, other property owners and tenants. Our primary services are real estate transactions, tenant representation and advisory services in property development.



Case Finnish Evangelical Lutheran Mission

Development of a historic building, Sale of residential building right and Tenant representation

FELM´s long term activity aims to promote human dignity and justice around the world. FELM currently has operations in 30 countries with more than 100 partner churches and organisations.

The premises project in a nutshel

FELM decided to sell their headquarter premises at Tähtitorninkatu in Helsinki and the sale was completed in the first quarter of 2018. FELM’s office premises included approximately 100 workstations. Prior to sale the process of changing the zoning from office to residential use right was initiated. New modern office premises for FELM were found from Länsi-Pasila in Helsinki.

Read the case »


Some recent references

Property transactions:

  • The Finnish Cultural Foundation – Sale of office portfolio
  • Deka Immobilien GmbH – Sale of retail property in Turku
  • EM Group Oy and Sewatek Oy – Sale of hotel property in Helsinki CBD
  • University of Helsinki funds, Teollisuuskatu 23 – Leasing and sale of property

Tenant representation:

  • SEB – Relocation of Finnish office
  • Outokumpu – Relocation of head office
  • Hannes Snellman Attorneys Ltd – Relocation of head office
  • Cargotec Corporation – Relocation of head office

Property development:

  • Metso Corporation, Fabianinkatu 8 – Development and sale of former headquarter property
  • Teosto, Lauttasaarentie 1 – Zoning development and sale of building rights
  • University of Helsinki funds, Franzenia – New concept, leasing and sale of property
  • Helen Ltd, Pieni Roobertinkatu 1-3 – Police premises conversion to hotel use and sale of property

Ecorum acted as advisor for If insurance company in Turku premises project

Ecorum scouted the premises market for best possible alternatives for If and advised the insurance company to a favorable outcome with the lease agreement negotiations. The successful premises project lead to a lease agreement extension for ca. 17 500 m2 office premises which are located in Kupittaa Turku.

The preliminary advisory work with If insurance company and Ecorum began during the first quarter of 2017. If had already outlined the goals and needs for the future premises. Ecorum’s advisers initiated the project in Spring 2017. During the first phase of the premises project property owners were contacted and various opportunities were investigated for alternative premises.

By the end of August’s deadline Ecorum had received a dozen proposals from which three best were chosen for further negotiations. Furthermore, If’s goals and needs for futures premises were fine-tuned at this stage.

After careful consideration and planning it was decided that the current premises located in Kupittaa served If’s goals and future needs the best possible way. The negotiations culminated in December 2017 when If signed the lease-extension.

Additional information:
Aarne Nurminen, CEO
+358 50 511 4456
aarne.nurminen@ecorum.fi


Case SEB – new head office

SEB opened a four-person delegation in Finland in 1984. Today it operates only one branch, but employs around 350 members of staff. At the turn of the 2010s, SEB’s growth meant it had already spread to two buildings on a property on Unioninkatu. The premises overall were labyrinthine and there was a large renovation on the horizon. It was time to take a look at the alternatives, and cooperation with Ecorum began. The year was 2014.

Professionals identify hidden potential

Ecorum’s team began to map and investigate leased spaces offered by various owners. Before long the team found that a building owned by LähiTapiola on Eteläesplanadi perhaps contained a solution that met all the client’s criteria and wishes. The idea seemed financially and technically feasible, even though the building’s lease agreements would have to be reorganised and the premises fully renovated.

Read the case »


Ecorum acted as White & Case Finland’s advisor in their premises project

Ecorum scouted the leasing market in Helsinki Central Business District for White & Case to find premises that fully support the client’s core business. Ecorum advised White & Case in the lease agreement negotiations and throughout the entire premises project. In execution phase, Ecorum tendered technical advisers and architects for the design and renovation of the new premises. As a result, Gullstén & Inkinen architects were assigned for the project.

White & Case’s new fully modernized ca. 1 500 square meter premises are located on the corner of Aleksanterinkatu and Mikonkatu, in a Jugend style property called Väinämöisenlinna.

Further information:
Aarne Nurminen, CEO
+358 50 511 4456
aarne.nurminen@ecorum.fi


Ecorum Update

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  • Recruiting was a success!

    Our team has strengthened during Autumn. Tuomas Hirvonen holds a M.Sc. (Tech.) degree and focuses on transaction advisory. He also brings the insight of authorized real estate valuer (AKA) into the projects. Rolf Hyttinen holds a B.Sc. (Econ. & Bus. Adm.) degree. He assists in Ecorum’s projects while completing his Master’s Degree in Economics and Read more »

  • EXPOREAL 2018 – what a positive event with a few clouds in the sky!

    If the money I am investing would be my own – should I make the investment to fulfill my target? If the premises become vacant, can I lease them? Do I really believe in the deal? These simple questions may advise before making the final decision to purchase. In Munich I noticed some investors having Read more »

  • Ecorum is now on Bulevardi

    We have moved to a new address with modern office premises. Our new address and phone number are: Address: Bulevardi 6, 00120 Helsinki, Finland Phone: +358 10 419 4900 Our other contact information remains unchanged. Our new office is located on the second floor at the corner of Bulevardi and Yrjönkatu. Q-Park Iso-Erottaja is the Read more »

  • Finnish Evangelical Lutheran Mission (“FELM”) – Development of a historic building, Sale of residential building right and Tenant representation

    FELM´s long term activity aims to promote human dignity and justice around the world. FELM currently has operations in 30 countries with more than 100 partner churches and organisations. FELM decided to sell their headquarter premises at Tähtitorninkatu in Helsinki and the sale was completed in the first quarter of 2018. FELM’s office premises included Read more »

  • Are we facing a bigger change in the property market?

    Has the market already reached its peak? Are we leaning towards downturn? Looking at the news and observing the signals from the market we may have. Understandably each European country is in a slightly different position in the economic cycle, however, we all are facing the same risks. The increasing interest rates, economies cooling down Read more »

  • Ecorum advised Invester Oy in a divestment of prime retail premises in Helsinki CBD

    Ecorum acted as Invester Oy’s exclusive commercial advisor in a divestment of prime retail premises in Helsinki CBD. The divestment was carried out as restricted sales process and completed in a short timeframe. Invester Oy is a subsidiary of EM Group Oy. Additional information: Aarne Nurminen, CEO +358 50 511 4456 aarne.nurminen@ecorum.fi

  • MIPIM 2018 – Real estate market stays strong

    I have visited MIPIM since 1996 and haven’t missed a single year. During my visits to Cannes I have learned how to observe the market trends of the real estate sector and how it genuinely gives you a good feeling where we are in the business cycle. MIPIM 2018 was active and positive. Plenty of Read more »

  • Roschier, the leading law firm in the Nordics moves in to their new premises

    Ecorum acted as Roschier’s property advisor in their long-term premises project. The main objective of the project was to provide Roschier with modern premises tailored to the needs of their future requirements from the center of Helsinki. Ecorum was responsible for sourcing premises options and acted as the commercial adviser for Roschier in the lease Read more »

  • Ecorum acted as White & Case Finland’s advisor in their premises project

    Ecorum scouted the leasing market in Helsinki Central Business District for White & Case to find premises that fully support the client’s core business. Ecorum advised White & Case in the lease agreement negotiations and throughout the entire premises project. In execution phase, Ecorum tendered technical advisers and architects for the design and renovation of Read more »

  • Ecorum acted as advisor for If insurance company in Turku premises project

    Ecorum scouted the premises market for best possible alternatives for If and advised the insurance company to a favorable outcome with the lease agreement negotiations. The successful premises project lead to a lease agreement extension for ca. 17 500 m2 office premises which are located in Kupittaa Turku. The preliminary advisory work with If insurance Read more »