Finnish construction company YIT and VTK Kiinteistöt have entered into a collaboration agreement for the development phase of an educational project in Vantaa's Tikkurila Competence Campus area.
This phase will be executed as a collaborative project management contract, with an estimated budget of approximately €78m ($91.7m).
The project's target budget and price ceiling will undergo revisions during the development phase, aiming for the implementation phase post-development.
The educational block, including a multifunctional building, will be part of Tikkurila's new Competence Campus area. Initially, the property spans about 28,000 gross square metres.
Upon completion, the facilities will accommodate approximately 2,700 students and 300 staff members.
The development phase is set to commence shortly, with the implementation phase anticipated to begin in mid-2026 and last approximately two and a half years.
The project scope also covers earthworks and heating, ventilation, and air-conditioning installations.
The educational block, known as the Kortteli 1 building, will serve the Vantaa Adult Education Centre, Vocational College Varia, Tikkurila Upper Secondary School, and Vantaa Music Institute.
The property will integrate with existing and planned buildings in the area to form a densely built, communal campus complex.
The project has established strict carbon footprint limits for the educational building, aiming to achieve these through low-carbon solutions, materials, and operational methods. Green electricity will be utilised on-site, and renewable energy sources will provide heating.
The environmental plan includes measures to reduce emissions during construction. The Competence Campus will adhere to the EU's taxonomy for sustainable finance, promoting environmentally sustainable and adaptable construction.
VTK Kiinteistöt construction development manager Jani Jokinen said: “It is great that our exceptionally demanding Block 1 project will have experienced and competent project staff in accordance with previous expectations.”
YIT private new construction unit vice-president Matti Sarikkola said: "I am pleased that we are able to launch the development phase of Tikkurila's Competence Campus areas educational block and use our extensive experience in designing and developing learning environments.
“We will also utilise our extensive building services expertise to identify more cost-effective and sustainable solutions for our customer.”
