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The hotel building is located at Elielinaukio in central Helsinki and is now being refurbished to become a new Scandic hotel with 174 rooms. The assignment includes refurbishing and upgrading the hotel rooms, common areas, façade, roof and the property's technical installations.

"The partnership with Exilion began when we refurbished Scandic Grand Central here in Helsinki and it will now continue at Elielinaukio. The continuity in the partnership and during the development phase has enabled us to ensure the best possible conditions for a successful implementation. The development phase laid the foundation for thorough and detailed production planning," says Kati Tauriainen, Head of NCC Building in Finland.

The property's energy efficiency will be improved, and the hotel will be refurbished so that it meets the requirements of LEED Gold environmental certification.

"The hotel at Elielinaukio 5 is located at the heart of Helsinki, and we look forward to refurbishing the building together with our established partners Scandic and NCC. We want the refurbishment to further improve the guest experience and develop the property to achieve an even higher level of overall sustainability, for example by reducing energy consumption," says Jussi Ojamo, Head of Investing for Exilion.

Construction will begin in early September and is scheduled for completion in autumn 2025.

The project is a turnkey contract, with an order value amounting to approximately SEK 180 million and will be registered among orders in the third quarter of 2024 in the NCC Building Nordics business area.