JLL acted as PwC’s commercial and technical advisor on their new headquarter project
JLL acted as PwC's commercial and technical advisor in a built-to-suit project in the Helsinki city center.
PwC Finland has agreed with Sponda Ltd on the development and lease of new premises in the city center of Helsinki at Mannerheimintie 14. JLL represented PwC in the project to find high-quality and functional premises for PwC that would support the diverse working habits and needs of PwC employees when the project is completed and in the future. The project will be implemented using a built-to-suit model, meaning the new building will be tailored to the main tenant. A high-quality environmental and well-being certificate will be applied for the property, and special attention will be paid to the circular economy solutions and the carbon footprint during the building’s life cycle. The new office building will bring PwC's current operations from Ruoholahti to the city center. The new office will accommodate more than 1,000 PwC employees.
The construction of the new project will begin with the demolition of the current property, and the actual construction is scheduled to start in 2024. It is estimated to be completed by the end of 2026. The project will be built in the heart of Helsinki, and PwC's rental area is approximately half of the leasable area of the property.
Klaus Koponen, Head of Markets, JLL: In office development projects, the commercial terms, the functionality of the premises, and the risk management of the project are essential. JLL's tenant representation provided PwC's office project with professional market insight, a high-quality tendering process, and efficient and analytical project delivery. The result was a commercially excellent lease agreement package in which responsibilities, quality level, and technical issues are clearly documented, and PwC's interests are taken into account.
Timo Loman, Development & Design Director, JLL: "In projects implemented using the built-to-suit model, the contractual position of the tenant and the definition of goals are emphasized, especially in the pre-phases prior to the signing of the lease. The PwC project is a great example of this rental model, where the future user of the building and their high ambitions are taken into consideration and secured from the beginning of the design. JLL's workplace development professionals have supported the definition of project goals and the design of spaces in terms of spatial, qualitative, and technical needs. This has ensured that the completed premises meet the user's needs and that the overall solution is financially advantageous for all parties."
For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $20.9 billion and operations in over 80 countries around the world, our more than 105,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.