Arthur Buchardt plans a new five star hotel in Helsinki

Norwegian investor Buchardt wants to invest EUR 100 million to create a landmark hotel in Jätkäsaari, one of the major new urban areas under development in Helsinki.

Norwegian investor Arthur Buchardt is ready to invest about EUR 100 million in a new five-star hotel in Helsinki’s Jätkäsaaari district. The landmark hotel would have about 400 rooms, restaurants, spa, and congress facilities for 600-800 people. According to Buchardt, Helsinki is a pleasant and exciting city, with both national and international customer traffic. He hopes that construction work can begin next year and expects the hotel to take two years to complete.

Located ten minutes from Helsinki’s city centre, Jätkäsaari is the site of a former cargo port which is being completely redeveloped into a new urban area. The 100 hectare redevelopment will create homes for 16,000 inhabitants and workplaces for about 6000 people, with floor space estimated at about one million square metres.

According to the City of Helsinki, Jätkäsaari’s passenger ferry terminal will remain in operation and the shores of the new urban area will be developed into public areas with beach promenades, cafeterias and marinas. Three tram lines will also be constructed, as well as a motorway connection from the west.

Sources: Hufvudstadsbladet, City of Helsinki