Cobbleyard Real Estate has won a concept competition with a proposition called ”L3 Itämeritalo”. The competition, organized by the City of Helsinki, concerned the development and sale of the L3 Magazine Warehouse located in Jätkäsaari, Helsinki. In the selection of the winner, emphasis was placed on a proposal that provides culture, leisure, and community enhancing spaces through developing the building and utilizing the existing premises.
In Cobbleyard Real Estate’s proposition, an open meeting place is created to the warehouse building, including plans for restaurants, terraces, business premises and spaces that can be modified as required. The proposition also intends to include office space and hybrid spaces for creative activities. As the project progresses, the City of Helsinki will sell the magazine building and an industrial crane located in the area for new use.
HPP acted as the legal advisor to Cobbleyard Real Estate Oy in the project, including assistance with commenting the sale and lease documentation.