Kotka Old Port, Finland

Client: Old Port MDC Lux
Location: Kotka, Finland
Size or value: Total area - 20 ha


Type Projects

Date 01/01/0001

Services used:
Development

Partnered with:
PCPE, AHR, DEA

Background
Kotka Old Port project is located on the territory of the historic port of Kotka, 75 minutes from Helsinki and 60 km from the Russian border. The City of Kotka and the regional government are highly supportive of the project. The anchor is Finland’s first Designer Outlet. The development will include a marina, international ferry and cruise terminal, bus and rail  interchange, hotels, restaurants, cinema, apartments and public elements: the campus of the South-Eastern Finland University of Applied Sciences and the events and sports arena.

Requirements 
The concept involves reintegration of the disused historic port into the city centre and establishment of a lively modern environment. The project is to create a lot of new business, cultural and social activity in the Kotka urban area. Kotka Old Port Outlet will provide a premium destination for brands to access Russian market as well as attracting Finnish residents to the area.

Solution
The Project Master Plan is in place and has undergone approvals. The land lease agreement with the City of Kotka was signed, which allowed beginning physical works in September 2017. The old warehouses have been dismantled, which frees up space for the construction and relocation of the utilities. About 70% of the space has already been leased. Tenants include Missoni, Versace Jeans, Genny, Loriblu, Basile, Marville, John Ashfield Caleffi, Sicily's Italian Restaurant, Baldinini, Cavalli Class and Luxury Zone.

Reward
Kotka Old Port will attract visitors nationwide.The target groups are foreign tourists coming to Helsinki-Vantaa, arriving by cruise ships and ferries, especially the Chinese, as well as foreigners and Russians arriving by car. New businesses in the Project will bring jobs to the area, and the large influx of visitors will give a boost to all local businesses. The demolition and construction work alone employs a hundred people and the outlet centre will create 710 direct jobs.

Project  lead: csawyerpriv@gvasawyer.com