AYY purchased parcels from the future Otakaari 15 property
Aalto University Student Union (AYY) has closed a deal with the City of Espoo and Aalto University Campus & Real Estate (ACRE), acquiring parcels from the future Otakaari 15 property. Now that the parcels have been transferred to AYY’s ownership, the plot formation can be finalised in accordance with the building permit conditions. This also allows construction work to begin as planned.
AYY’s new Chief Financial Officer, Veera Kivivirta, started in her position in January and jumped right into major property and parcel transactions, as well as the related financing arrangements. Kivivirta has shown excellent competence and leadership, which has been crucial to the success of this significant project.
‘The team has done excellent work on preparing the project for a long time. It is exciting to join in now as the project begins to take form’, rejoices Veera.
The new AYY Board has also started its work, and Tuomas Nykänen, responsible for property and housing affairs, will have a unique year ahead as new student housing is built in Otaniemi.
‘It is wonderful that we are receiving more much-needed student housing in Otaniemi. This year working on the Otakaari 15 project will be remarkably interesting’, says Tuomas.
Otakaari 15 student housing project
Otakaari 15 student housing project will be implemented at Otakaari 15, on a plot bordering Martti Levón Park. The project includes the construction of 153 student apartments in a residential building with 4–6 floors and 3 staircases. The total floor area of the building will be 4,465 m2. The property will also include geothermal heating and a solar power system with a capacity of 30 kWp. Construction work will begin at Otakaari during February, and the property will be completed in August 2026.
Further information
Petri Kuusisto
Project Manager
Aalto University Student Union
+358 50 307 3770
petri.kuusisto@ayy.fi
Read more news
AYY’s new student housing building completed in Otaniemi – 153 new student apartments
Aalto University Student Union’s (AYY) new student building in Otaniemi was completed on 31 July 2026. Otakaari 15 brings 153 new student apartments to the metropolitan area, providing homes for approximately 200 Aalto University students. All apartments have been rented.
The new Design Notebook has been published
The brand-new Design Notebook is now available and can be collected from AYY service office or Kipsari student restaurant free of charge. The notebook was designed by Wenjia Tang, a master’s student in Visual Communication Design, who won the design competition earlier this year.
Apply for AYY’s SYL General Assembly Delegation or run for the SYL Board!
Apply for AYY’s SYL General Assembly Delegation or run for the SYL Board!