Technopolis will invest a total of €94.1 million ($107 million) in organic expansion in its existing Otaniemi Campus in Espoo, Finland.
The project will consist of three phases to be built in 2018–2024. It will add around 19,000 square meters (205,000 square feet) to the rentable area of the Otaniemi campus, bringing the total to nearly 78,700 square meters (847,120 square feet) upon completion of this project.
Construction of the first phase will start in December 2018 and it will be completed in the third quarter of 2020. The rentable area of the first phase is around 6,400 square meters (68,889 square feet). Technopolis has signed a 10-year lease agreement with an anchor company VTT Technical Research Centre of Finland (VTT) for all the workspace in the building, and a project agreement regarding the two following phases.
All three phases are about the same size. Construction of the second phase is expected to start in fall 2019 and be completed in the
