Changing retail business Juha Kostiainen Aalto Urban Laboratory
Changing retail business Juha Kostiainen Aalto, Urban Laboratory II February 10, 2016 yitgroup. com
Main trends in urban development across Europe Creating more compact cities Infilling Brown-field development Combining housing, jobs and services => mixed use Improving public transportation, focus on trams and metros YIT |
Trends in Finnish retail business • On-line shopping is increasing, difficult to anticipate coming volumes • Big-boxes are moving to citycenters especially in Helsinki (XXL, Expert, Gigantti etc. ) • Main retailers are focusing more smaller shops near customers than out of structure hypermarkets • Much development activities related to shopping centres (Tripla, Redi, Sponda in Tampere etc. ) Lauttis YIT | 3 | Capital Markets Day, September 2015
Traditional shopping and valued housing area in the heart of Lauttasaari YIT | 4 | Capital Markets Day, September 2015
Lauttis – shopping center and housing just above the metro station • Estimated 20, 000 daily metro users • Total 136 apartments • Apartment size range 26 – 120 sq. m. • About 6, 000 sq. m of retail space for 20 -25 tenants • Anchor tenants two supermarkets and Alko • Other confirmed tenants include • Restaurants and cafés • Local service and shopping facilities Three housing companies YIT | 5 | Capital Markets Day, September 2015
Central Pasila today YIT | 6 |
Central Pasila in the future YIT | 7 |
Tripla’s gross floor area is 350, 000 m. This is equal to football pitches. YIT | 8 | 2
Tripla has over 50, 000 m Tripla offers Tripla has office space. 5, 000 jobs. 400– 500 new homes. Tripla has YIT | 9 | 2 of 400 hotel rooms.
Mall of Tripla has 100, 000 m of which over 70, 000 to some YIT | 10 | 2 of commercial space, m 2 will be let 200 stores
Tripla links the Pasila station seamlessly with the new commercial centre YIT | 11 | The shops and services of the shopping centre will benefit from the heavy commuter flows travelling through the station
Retail premises in brick and mortar • Typically required in detailed plan • Aim to make street space more livable and offer nearby services • Cause much challenges to developers • Diffucult to sell entrenepreurs, tenants can be found; no interest among investors Espoo, Ulappatori YIT | 12 | Capital Markets Day, September 2015 • Relation of consuming behavior and transport connections not always understood
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