Varma as a landlord

Tomperi ilkka1

As one of Finland's largest real estate owners we offer a versatile selection of office, retail and other business premises.

As a preserving, domestic real estate investor, our objective is to create preconditions for successful business activities for our tenants by maintaining our real estate holdings in adequate condition by responding to the tenants' changing needs and ensuring the quality of our services.

By developing our real estate premises and commissioning new construction projects we are able to offer solutions that are tailored to the company's needs. Varma has constantly ongoing newbuilding and renovation projects that result in new or renewed premises.

Ilkka Tomperi
Investment Director, Real Estate

Varma has already 22 properties with the BREEAM certification

Varma works toward the energy efficiency of its properties and has received the BREEAM In-Use environmental certificate for ten of the properties that it owns in 2017. The certified properties are in different parts of Finland. It is specified in Varma's climate policy that the company's most significant buildings will be certified principally in accordance with the BREEAM environment classification by 2025. With the quality system, what is sought in particular is enhancing and verifying the monitoring of energy efficiency.

Pp keski versot varma

"Varma's goal is to continuously develop the energy efficiency of the properties that it owns, in order to reduce the carbon footprint, amongst other things. In our corporate accountability program, we have committed to preventing climate change. Environmental classifications are a concrete way to develop the accountability of properties," says the Leasing Director, Toni Pekonen.

BREEAM* is an environmental classification for buildings and construction projects, with which the accountability of properties can be assessed through uniform methods. The areas under scrutiny include energy efficiency, waste sorting and recycling possibilities and also the location, i.e. whether the site is near good services and mass transportation routes and how cycling is supported, for example in premises solutions. Other things related to the well-being of users, such as the possibility to affect the interior conditions of the properties, are also examined in the certification requirements.

"The certificate is a generally recognized guarantee that attention has been paid to accountability in the property. Certification is also a good tool for developing the maintenance and upkeep procedures of a property," says Toni Pekonen.

"Reassessment of the certification of a site is done at three-years intervals. Between the assessments, development measures can be carried out and the certification level can possibly be raised," adds Johanna Haikala, a Senior Analyst at Varma.

In July 2017, the following four shopping centers got the certification, of which Willa in Hyvinkää got a rating of Very Good and the other shopping malls attained the level of Good.

Syke shopping centre (Kauppakatu 18, Lahti)
Palokka shopping centre (Saarijärventie 50-52, Jyväskylä)
Keljo shopping centre (Kylmälahdentie 6, Jyväskylä)
Willa shopping centre (Hämeenkatu 9, Hyvinkää)

In November 2017, the following six office buildings got the certification. All the properties obtained the classification of Good.

Hatanpään valtatie 20, Tampere
Hämeenkatu 9, Tampere
Visiokatu 6, Tampere
Itämerenkatu 11-13, Helsinki
Malminkatu 28, Helsinki
Robert Huberin tie 3 B, Vantaa

It is specified in Varma's climate policy that the company's most significant buildings will be certified principally in accordance with the BREEAM environment classification by 2025. The goal is to attain at least the Good or Very Good rating. Varma has around twenty certified properties at the moment and the aim is to increase the number by at least ten every year. Varma has chosen the British BREEAM classification instead of the American LEED certification system because it can be applied to Nordic conditions in a better way.

"A BREEAM certificate will be obtained directly for all new premises and commercial building sites, and for major complete renovation sites as well. When it is planned sensibly, meeting the requirements does not significantly increase the cost of construction," says Pekonen.

"Certificates are important for a real estate investor and, in the case of newbuild sites, these days often even a requirement for deals. They affect the determination of the value of properties," says Pekonen.

* Building Research Establishment Environmental Assessment Method

Varma has already 22 properties with the BREEAM certification Varma bought the Eteläesplanadi 8 office property in Helsinki 5,000 solar panels to be installed on the rooftops of Varma’s properties Building work on Varma’s Kalasatama Campus gets under way Bonnier and Varma sign lease agreement for Lönnrotinkatu 18 Varma’s rental residential properties switch to renewable electricity Carbon footprint of Varma’s head office down 23% during the year Ten Varma office properties achieve BREEAM environmental certification The winners of the Arabia135 factory block idea competition have been selected Varma joined the Energy Efficiency Agreement for the Real Estate field Varma commissions expansion of Sokotel’s Flamingo hotel The coworking premises of VarmaWorks available to rent in Tampere Varma, CapMan Nordic Real Estate Fund and Cavendo partnership acquires Heron City in Stockholm The office building of Varma has moved over to green electricity Modernization of the properties lightens the carbon footprint Lidl is opening a store in the area of Finlayson in Tampere Varma commissions new head office building for Kesko in Kalasatama Art takes over the Finlayson area in Tampere Varma’s properties to begin using solar power Renewal of the Arabia135 factory block is continuing – the finalists of the architecture competition have been chosen Varma publishes its climate policy – targeting a smaller carbon footprint in various asset classes A historic factory area of Arabia is being renewed through an architecture competition Varma's blog: Hello office, goodbye wool socks! Digia moves to Varma's premises in Finlayson area in Tampere Lönnrotinkatu 18 stands out from the crowd Varma's blog: The residents moved to the orange apartment building on Arabiankatu Metropolia and the Pop & Jazz Conservatory into the premises of Varma in Arabia VarmaWorks is offering coworking premises at Finlayson in Tampere The new Search of the Rental apartments is now open Two of Varma's business properties received a BREEAM environmental certificate Varma has bought a hotel property in the center of Helsinki Varma to build over 200 more rooms at Flamingo Varma to sell all of the remaining shares in SATO The Salmisaari office building of Varma is getting a Green Office environment system Ilkka Tomperi: Diversification of the real estate portfolio – from strategy to implementation The newest arrival of Arabianranta is urban and orange Varma sells 22 properties and invests in new Nordic real estate fund Aarne Markkula: Energy savings investments will repay themselves quickly Varma present in the daily life of shopping centers Outokumpu's headquarters found their space in Varma's main office in Salmisaari The Finlayson area is one of Varma's most significant real estate holdings Varma involved in acquisition of one of Sweden’s largest shopping centres