PATRIZIA’s Helsinki property awarded Gold medal for sustainability

LEED EB certification awarded by United States Green Building Council

  • Itämerenkatu 5 building recognised for its sustainable design, construction and operation
  • Investors placing increasingly more value on sustainability

Helsinki, 25 October 2017. PATRIZIA Finland Oy is pleased to announce that its Itämerenkatu 5 building in Helsinki has been recognised for its sustainable design, construction and operation by a program of the United States Green Building Council (USGBC). The property, which was acquired by PATRIZIA in July 2016 on behalf of a pan-European real estate fund, has been awarded the Gold-level LEED Existing Building (LEED EB) certification.

LEED, which stands for Leadership in Energy and Environmental Design, is a USGBC programme which certifies the sustainability of ongoing operations of existing commercial and institutional buildings. LEED EB is a whole-building rating system which addresses amongst other things maintenance programmes, water and energy use, purchasing policies and waste management. PATRIZIA initiated the certification process for Itämerenkatu 5 shortly after acquiring the building.

PATRIZIA’s Nordic Managing Director, Rikke Lykke is thrilled with the certification and believes awareness towards sustainability is “increasing all the time” with investors placing more value on this topic. “This certification is clear recognition of our active asset management of the property and shows our ability to work contemporarily in the Finnish real estate business. Sustainability is an obvious part of our strategic focus and will help us meet investors’ expectations as well as strengthen PATRIZIA’s corporate image. As a certified sustainable building, Itämerenkatu 5 will operate with comparatively lower energy costs which, in turn, will improve its attractiveness for tenants as well as the owner.”

Itämerenkatu 5 is a modern, multi-tenant office building constructed in 2001 and with over 8,700 sq m of lettable area. The property is located in the popular Ruoholahti office district close to Helsinki city centre with excellent public transport connections.

PATRIZIA Immobilien AG:

PATRIZIA Immobilien AG has been active as an investment manager in the real estate market across 15 European countries for more than 30 years. PATRIZIA’s activities include the acquisition, management, repositioning and sale of residential and commercial real estate through its own licensed investment platforms. As a global provider of real estate investments in Europe, PATRIZIA operates as a respected business partner of large institutional investors and retail investors in all major European countries. Currently, the Company manages real estate assets worth almost EUR 21 billion, primarily as a portfolio manager for insurance companies, pension fund institutions, sovereign funds, savings and cooperative banks and as co-investor. For further information, please visit:

Andreas Menke                                              
Group Head of Corporate Communications   
Phone: +49 (0) 821 5 09 10-6 55