July 06, 2017

Kotka Old Port will be enlarged with new objects

GVA Sawyer, the Developer of Kotka Old Port, announced that a new campus of Southeastern Finland University of Applied Sciences and an Exhibition and Sports Arena Center would be built on the project territory at the City of Kotka’s expense. The large-scale construction work will start till the end of summer after the tender is held.

Kotka Old Port MDC (“MDC” – Kotkan Kantasataman Kehitys OY), City of Kotka, and Southeastern Finland University of Applied Sciences (“XAMK”) announce selection of Kotka Old Port as the location of new University Campus and of a new Exhibition and Sports Arena Center. The new campus will be opened in 2020 and will bring 3 000 students, faculty and staff to Kotka Old Port.

Cameron Sawyer, Chairman of GVA Sawyer and MDC, which owns the Old Port project, commented: “We are extremely pleased to welcome XAMK and the Exhibition Center to the Old Port project. XAMK has one of the best high tech business programs in the entire Nordic region, and will be the center of a great deal of economic activity which will greatly benefit the economy of Kotka and the entire Kymenlaakso area. We will be working closely with the University and with the City of Kotka to create elements which will work synergistically with the University, including a business incubator, office space for firms connected with the University, and student housing. The presence of the 3,000 students, faculty and staff will also directly enhance the functioning of the two hotels, the multitude of F&B establishments, supermarket, and outlet mall which we are developing. University and the Exhibition Center will create a critical mass of urban life in the Old Port area.”

Henry Lindelof, Mayor of Kotka, shared his opinion, “We are very pleased to see the Outlet project going ahead rapidly now. MDC has done a very complicated job raising capital, finding tenants, working out infrastructure and site conditions, and designing and marketing the Outlet project. It would not be an overstatement to say that the City of Kotka will be reborn as a result of all of these projects, and the citizens of Kotka will enjoy greatly enhanced economic opportunities, including both employment and entrepreneurial opportunities, as well as a greatly enhanced urban life, as a result.”

Tourism will also provide additional traffic to Kotka Old Port. Petra Cranston of Cursor, Regional Development Agency of the Kotka-Hamina Area, noted, “Shopping at the Old Port Outlet has been a significant attraction to the cruise ship lines, whose clients enjoy outlet shopping, and who lack good shopping opportunities in the typical Baltic Sea cruise circuits. We are also working to attract an operator for a direct ferry line from St. Petersburg to Kotka Old Port. This will be a substantial attraction not only to Russian shoppers desiring to travel to Finland more comfortably than is possible by car, but also to increasing numbers of Chinese tourists who seek good shopping opportunities combined with visits to Russia. By 2020 we expect 50 to 70 cruise ships to call at the Old Port and other Kotka port locations, bringing more than 60 000 cruise guests to Kotka.”

The construction work on the outlet site is scheduled to start till the end of summer. Over the next several months it is planned to demolish the existing buildings, to work on foundation piling and engineering infrastructure.