Nordicum - Real Estate Annual Finland 2013 - Page 34

The Power of Three Tapiola, Otaniemi and Keilaniemi are promising to take innovation to new heights Combining business savvy with design and science excellence sounds like a winning formula – and this is why the “Power Triangle” of three East Espoo neighbourhoods has been such a hot topic of late. Tapiola, Otaniemi and Keilaniemi have shot to international prominence all on their own, but put together they provide a truly unique combination. T he triangle is already the most international science and innovation area and the largest technology area in Northern Europe – and where else could you find 5,000 researchers, 110 nationalities and 8,000 jobs in ICT industry within a 15-minute walk? The success of Otaniemi, Tapiola and Keilaniemi improves the entire country’s chances in the competition for knowledgeintensive businesses and jobs. Recognising 32 Nordicum the inherent opportunities here, the City of Espoo has composed a T3 strategy which seeks to make the most of this perfect marriage. The City is also willing to invest heavily on the triangle: the renewal of Tapiola, Otaniemi and Keilaniemi will be the largest single construction project in the history of Espoo. In the coming years, massive investments to the tune of 4–5 billion euros will pour into the area. Tapiola Hits 60 Historically, the best-known of the Big Three is Tapiola, the legendary “Garden City” which celebrates its 60th birthday this year. Acknowledged as an iconic blueprint for urban living in a natural setting the world over, the area features, as its core, a commercial centre that pioneered the field in Finland. The community is internationally known as a groundbreaking effort in city planning and construction; architecturally speaking, the area is held in very high esteem, receiving lavish praise also for its versatility. In recent years, however, it has become clear that The Garden City is in need of a serious beauty treatment. In fact, the entire Tapiola Centre will go over a complete trans-