JLL acts as CSC’s commercial and technical advisor in a new HQ project

CSC – IT CENTER FOR SCIENCE LTD. has signed of a lease agreement with pension insurance company Varma on the leasing and construction of new office premises in Keilaniemi, Espoo. JLL acted as CSC’s representative and advisor in the project aimed at designing fit for purpose and functional premises for CSC to support growing number of employees to collaborate and work in hybrid work environment. In the built-to-suit development project, the developer builds the leased property to the specifications of the main tenant. A high-class environmental certificate will be sought for the property. Special attention will be paid to the property’s carbon footprint during its life cycle and in smart building solutions. The new office building will move CSC’s operations in Keilaniemi to three large office floors. More than 700 CSC employees will work in the new HQ.

The construction of the development project is scheduled to start in 2023 and is estimated to be completed at the end of 2026. The new office building will be located near the Keilaniemi metro station at Keilalahdentie 1, and CSC’s rental area of the property will be approximately 7,500-floor square meters.

Tatu Silventoinen, Property Development Director, JLL: “In a built-to-suit development project, it’s essential to understand the tenant’s contractual position and set their objectives already in the preparation phase. CSC’s HQ project is a fine example of a built-to-suit development project where the occupier’s high expectations were considered when launching the design process, as well as possibilities to make changes during the implementation phase. This ensures the new office premises will meet the tenant’s actual needs later when completed, and the project as a whole is prolific for all parties.”

Klaus Koponen, Head of Markets, JLL: In office development projects, the financial entity, the premises' functionality, and the project's risk-free nature are essential. JLL's tenant representation provided expert market insight, a high-quality tendering process, and efficient and analytical implementation in CSC's head office development project. The result was an economically excellent lease agreement package in which responsibilities, quality level, and technical aspects are documented, and CSC's interests are considered.

JLL will continue to represent CSC through the construction process.