Laker Developments was appointed by Wereldhave NV in 2010 as development manager to oversee the refurbishment and reconfiguration of a one million sq ft super regional shopping centre in the east of Helsinki which is the largest shopping centre in Finland.
The centre was becoming dated and was in need of repositioning to meet the expectations of Finnish consumers. Laker Developments was able to negotiate the relocation of the Stockmann department store, which acts as the main anchor, to a better location at the end of the centre which will dramatically improve footfall and free up 120,000 sq ft of prime retail space making a significant uplift in value. The refurbishment and extension has been strategically managed and broken down into nine phases so that the centre could continue trade throughout the works with minimal impact on existing tenants. Completion of all the works is scheduled to be in September 2014.
Link to website www.itis.fi