Money Buzz! Europa

Tag: helsinki

  • Port 6 raises EUR 1 Million in funding seed round

    Port 6 raises EUR 1 Million in funding seed round

    Port 6, a Finnish startup building the future of human computer interaction, raises 1 Million Euro in funding seed round.

    The seed round was led by investment fund Superangel, and saw participation from Superhero Capital, Charlotta Björnberg-Paul and the founders of Pipedrive: Urmas Purde, Timo Rein and Peep Vain.

    Port 6 is building AI-driven, biometrics-based technologies that allow creativity and interaction in augmented and virtual computing platforms.

    The company’s first prototype enables typing, gaming, playing musical instruments, creating artwork, controlling an operating system, and many more use cases with only a wristband.

  • Castellum acquires five office properties in Kalasatama, Helsinki

    Castellum acquires five office properties in Kalasatama, Helsinki

    Through a company acquisition of the Finnish real estate group Lindström Invest, Castellum has acquired a real estate portfolio in Helsinki.

    The portfolio comprises five office properties with a total lettable area of approximately 36,000 sq.m.

    The acquisition price amounts to EUR 150 million, including overheads of EUR 7 million, of which EUR 81 million is paid as a share issue in kind and the remaining consists of takeover of debt.

    All properties are well located in Kalasatama, a former port area that the City of Helsinki is now developing into a district intended for 25,000 new residents and 10,000 new jobs. Kalasatama is located 2 km northeast of Helsinki CBD.

    The buildings contain high-quality office space and a conference center and Lindström Oy, Suomen Asiakastieto Oy, Nordic Morning Oy are its major tenants.

  • Finnair to sell its business class food menu in supermarkets

    Finnair to sell its business class food menu in supermarkets

    The Finnish airline Finnair has announced that it has started selling its business class food menu in supermarkets, in order to avoid making layoffs to its catering division due to the COVID-19 pandemic, Reuters reports.

    A Finnair menu for business class passengers costs 12.9 euros in the supermarket and consists of beef with teriyaki sauce and rice or arctic trout with risotto.

    The idea proved successful when 1.600 menus were sold in a few days at a supermarket located near Finnair’s main hub, Helsinki-Vantaa Airport.

    The company intends to expand the program by including other supermarkets.

    In 2017, Finnair decided to buy LSG Sky Chefs, a catering company operating from Helsinki-Vantaa Airport and renamed it Finnair Kitchen.

    Finnair Kitchen made about 12.000 meals a day, but that number plummeted after the COVID-19 pandemic severely disrupted air travel.

  • Stora Enso invests in cross laminated timber (CLT) production in Czechia

    Stora Enso invests in cross laminated timber (CLT) production in Czechia

    Stora Enso decided to invest approximately EUR 79 million in a new production line for cross laminated timber (CLT) at its Ždírec sawmill in the Czech Republic.

    Production is scheduled to begin during the third quarter of 2022 and the estimated annual production capacity will be approximately 120 000 m³ after ramp-up.

    The investment is expected to generate annual sales of approximately EUR 70 million when run at full capacity and to meet the Wood Products division’s profitability target of 20% operational return on operating capital (ROOC).

    Construction expected to start during the first quarter of 2021

    Stora Enso invests in the latest technology, which, together with fully integrated production at the Ždírec sawmill, will provide customers with cost-efficient solutions and premium products.

    Integration with the existing sawmill will also add benefits in, for example, raw material and energy supply, and logistics.

    The investment is estimated to increase the number of employees at the mill by approximately 110 FTEs. Stora Enso has received all required permits for the project.

    Currently, Stora Enso has three CLT production units with a total capacity of 270.000 m3: Gruvön in Sweden and Ybbs and Bad St. Leonhard in Austria.

  • Finnish company TrademarkNow acquired by Corsearch Inc

    Finnish company TrademarkNow acquired by Corsearch Inc

    Corsearch announced the acquisition of the industry leading Legal Tech company, TrademarkNow. The acquisition extends Corsearch’s trademark search and watch capabilities.

    The acquisition further enhances Corsearch’s end-to-end platform, which provides users with an integrated workflow that moves from initial trademark screening to anti-counterfeiting investigations.

    Mikael Kolehmainen, CEO & Co-founder of TrademarkNow, said: “Coming together with Corsearch will mean that together we can transform the work of trademark professionals by providing instantaneous data in a secure, structured, and easy-to-use way.”

    TrademarkNow provides an intelligent web-based trademark management platform that is used by enterprise companies, law firms, and branding agencies for instant trademark search and watch results. 

  • Shopping centre Lippulaiva to become a pioneer of sustainable energy solutions

    Shopping centre Lippulaiva to become a pioneer of sustainable energy solutions

    Shopping centre Lippulaiva Helsinki, due to be opened in spring 2022, will become the flagship of local energy production.

    The largest geothermal heating and cooling facility for a commercial building in Europe is being built under the shopping centre, and it will generate carbon-free energy to meet almost the entire heating and cooling needs of the shopping centre.

    Beneath the shopping centre, 171 wells extending to a depth of approximately 300 metres have been drilled.

    The power plant, developed by Adven, the leading energy company in the Nordics, will generate carbon-free energy to meet almost the entire heating and cooling needs of the shopping centre.

    Thanks to the large amount of renewable energy generated in the facility and its low energy consumption, Lippulaiva will become nearly a zero-energy building.

    An additional useful feature of the geothermal solution is that there is no need to install condensers on the roof of the shopping centre and the space can be used for green roofs and solar panels instead.

    The shopping centre will have more than 3.500 square metres of green roofs, which will also help conserve energy. Solar panels will also be installed on the roof of the shopping centre to generate electricity for the shopping centre’s lifts and escalators and the illumination of the centre’s public spaces.

    Ecological modes of transport

    Services involving electric-powered modes of transport are developed in the entire area of greater Espoonlahti by providing parking spaces and charging stations for electric cars and bicycles.

    The current plans include a maximum of 250 charging stations for electric and hybrid cars.

    Ecological modes of transport are also supported by offering parking spaces for about 1.500 bicycles. A theme day around electric-powered modes of transport is also being planned.

    The new Lippulaiva will be opened in spring 2022. The gross leasable area of the shopping centre will be 44.000 square metres and there will be about 80 retail stores and service providers in the shopping centre.

    Approximately eight million customers are estimated to visit the shopping centre every year.

  • Admares to deliver 16 floating hotels to Qatar for the FIFA World Cup 2022

    Admares to deliver 16 floating hotels to Qatar for the FIFA World Cup 2022

    • In preparations to host the 2022 World Cup, Qetaifan Projects, a Katara Hospitality owned company signed a memorandum of understanding with Admares;
    • The Finnish company is world leader in alternative real estate with pioneering construction method;
    • The Memorandum of Understanding includes the construction and operation of 16 floating hotels on the shores of Qetaifan Island North.

    The hotels have a unique design, 72-meter-long and 16-meter-wide (236-feet-long and 52-feet-wide), each consisting of 101 guest rooms, a restaurant, and a lounge bar. All of the 16 four-story hotels will be identical, offering a total of 1616 floating hotel rooms.

    “This is the first time ever that pure floating real estate has been used as a temporary solution for accommodation needs at this scale. These hotels do not require major ports and deep water as their draft is significantly less than large cruise ships,” says Mr. Mikael Hedberg, CEO of ADMARES.

    He added “after the World Cup, the hotels can be placed at any coastal location where the water is at least 4 meters (13 feet) deep. We are excited to be part of the solution for the amount of accommodation needed for the FIFA World Cup 2022.”

    Qetaifan Island North, located off Lusail City, spans approximately 1.3 million square meters (4.7 million square feet) with 830,000 square meters (2.7 million square feet) of attractions, featuring seven beaches; making it the city’s main waterfront destination.

    What does Admares

    Admares is a world leading alternative real estate company, providing pioneering construction methods that combine cutting-edge marine, offshore, land and modular construction techniques.

    Their innovative floating, or pile-supported structures create new valuable real estate on water. In addition, company’s innovative approach extends to cutting-edge land construction solutions.

    Whether for new construction or property extensions, the company turnkey modular construction and pre-assembly solutions allow the majority of the construction and outfitting to take place off-site. By minimizing disruption and greatly reducing on-site construction time frames, the company delivers powerful commercial advantages to clients.