The contract for the Otakaari 15 student housing project has been signed

Published:
Aalto University Student Union and Varte Ltd have signed an agreement for a student housing construction project in Otaniemi, Espoo. Varte Oy will implement the project for AYY in the Otaniemi campus area 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 in February 2025, and the property will be completed in August 2026.
Otakaari15

"This is some of the best news of the year for the student union! Student activities typically proceed at a high tempo, but properties are long-term projects, and we have been working on this one for several years. It’s exciting to see the project progress from planning to the construction phase, with the physical building of the property set to start in Otaniemi.  

Over the past six years that I have spent here, Otaniemi has developed significantly as a campus area, with new student housing playing a major role in this development. It’s great to have Varte join the project. We have a clear mission and goal to complete the project efficiently and provide more student housing on the campus", rejoices Chair of the AYY Board
Fanni Mattsson. 

Varte Oy, the contractor chosen for the Otakaari 15 project, is also looking forward to the project's progress.

"Collaboration with AYY has started off successfully. The customer has a solid understanding of the property, which is reflected in the excellent planning solutions. We are excited to construct a high-quality, functional property for AYY. Once completed, the property will be a timeless housing development, built with high-quality standards. Collaboration with AYY has been open and straightforward from the start, and this will be maintained throughout the construction cooperation", comments Varte’s Housing Construction Director Tuomas Parvila.

Construction work will begin at Otakaari in February 2025, 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 

Otakaari 15
View of the Otakaari 15 student housing project
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