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Jyväskylän kaupunki » International » News » Jyväskylä City Board decided to initiate the reorganisation of municipally owned real estate company Jykes Kiinteistöt Oy

Jyväskylä City Board decided to initiate the reorganisation of the Jykes Kiinteistöt Oy

Jyväskylä City Board has decided to initiate the reorganisation of municipally ownedJykes Kiinteistöt Oy, with the aim of changing the company into a fast-paced property developer that develops important sites considering the strategy of Jyväskylä. If required, the company will abandon its current properties and only own its new projects during the start-up phase.

In the 1980s and 1990s, in particular, municipalities set up real estate companies for business purposes. The companies were intended to patch up any market deficiencies by building and leasing business facilities for companies. The situation in the real estate market in Jyväskylä has changed significantly since Jykes Kiinteistöt was established, and the significance of the company as a business party has decreased.

4.5.2016Satu Heikkinen

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