HS Espoo | Another setback at the large apartment building site in Tapiola – Surprising bankruptcy causes “a little more trouble”

Two companies belonging to the Maxbuild Group in Espoo have gone bankrupt. One of the bankrupt companies was responsible for project management at an apartment building site in Tapiola.

Tapiolan Work continues on the apartment building site in the heart, although Maxbuild Uudistuotanto oy, which played a key role in the construction site, has gone bankrupt.

Maxbuild New Production is part of the Maxbuild Group in Espoo. Building magazine said last week that the group ‘s Maxbuild New Production and Maxbuild Renovation Construction have been declared bankrupt.

Maxbuild has been responsible for project management in a project called Tapiola’s Feenix, in which two tower buildings and one lower building will be built in the center of Tapiola.

In 2018, an office building known as the Waterfall House was demolished under Tapiola’s Feenix.

HS Espoo reported in the fall of 2019 that construction work on Tapiola Feenix had been delayed. The delays had been due to a desire to modify and refine the building plans, and the changes had to be approved by the building board.

Read more: Monttu yawns in the middle of Tapiola: the 12-storey tower house should be ready soon, but work has not even started yet

Originally, construction work was scheduled to begin in the spring of 2019 and the first tower was scheduled to be completed this year. Now it seems that the first tower building, As Oy Espoon Tulilintu, will be completed in 2023.

The bankruptcy of Maxbuild New Production will not affect Tapiola Feenix’s construction schedules and the first tower building will actually be completed in 2023, says Jere Hanttu. Jealha, an investment company owned by Hantu, operates as a developer in Tapiola’s Feenix.

Read more: A man from Helsinki was enthusiastic about investing in housing: now there are more than 800 shops behind it and two tower blocks will soon be built in the heart of Tapiola

Jealha owns three housing companies belonging to Tapiola Feenix and the parking company as a whole. Maxbuild has been responsible for the project management of the site, but it has no holdings in Tapiola’s Feenix, Hanttu says.

“Bankruptcy is causing us a little more trouble, but I don’t think it will have an impact on construction. Maxbuild has not had any contracts, so the construction work has been and will continue to be done by other forces. ”

Jere Hanttu owns the investment company Jealha, which is building apartment buildings in Tapiola. Hanttu was photographed at the Tapiola Feenix site in the autumn of 2020.­

The apartments of Tapiola Feenix’s first tower block, the housing company Espoo Tulilinnu, have been in pre-marketing for some time. According to Hantu, about 60 percent of the apartments have been booked.

“Pre-sales have pulled well.”

A total of about 200 apartments are coming to Tapiola’s Feenix. The first tower building, which is expected to be completed in the spring of 2023, has 78 apartments.


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