YIT’s Mall of Tripla secures €300M financial package

WCN Editorial Team 24 Jun 2016 EUROPE BUILDINGS

Finnish construction company YIT has announced that the Mall of Tripla project in Helsinki secured a €300M financial package.

The financial package will be provided by a group of banks, including the European Investment Bank (EIB), the Nordic Investment Bank (NIB), Danske Bank and Handelsbanken.

The €600M shopping mall is set to become the largest shopping centre in Finland in terms of the number of retail spaces.

It will have 85,000sq m of leasable floor area for a total of 250 tenants, and a car park with 2,300 spaces.

The development will feature new solutions for recycling, water treatment and waste processing, allowing the constructors to apply for a Platinum-level LEED certification.

The project is expected to be completed in late 2019.

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