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News Release

Helsinki

JLL to lease Galleria Esplanad shopping centre in Helsinki


JLL and Ilmarinen have signed an agreement to lease the store units in Galleria Esplanad shopping centre (formerly Kämp Galleria). In addition to the leasing assignment, JLL will also act as the commercial advisor for Galleria Esplanad.

Located in Helsinki's city centre, Galleria Esplanad is focused on international and Finnish fashion brands and restaurant activities. The shopping centre has a total gross leasable area of 11,700 sq m, across 40 store units, over 3 floors.

Ilmarinen acquired the remaining shares of Galleria Esplanad in July 2014 and is now the sole owner.

"We aim to widen the retail supply in Helsinki's city centre and meet the consumer demand for more international brands in the Finnish market. JLL was a natural choice for leasing Galleria Esplanad due to their global network and success in bringing new brands to markets." Said Ville Laurila, Leasing Manager, Ilmarinen.

"Galleria Esplanad's prime location and appeal to the upper market segment makes it particularly attractive to retailers and shoppers alike. There is demand for this kind of elegant, quality-oriented shopping centre in Helsinki and we are excited about this opportunity to help develop Galleria Esplanad into one of the best, and most enjoyable, fashion retail destinations in Finland." Said Kaisu Pienimäki, JLL Head of Retail, Finland.