Nordicum - Real Estate Annual Finland 2014 | Page 18

Ylläs Calling
Metsähallitus embarks on its most ambitious
real estate development project yet

The number one draw in Finnish tourism, in many regards, is Lapland, home of Aurora Borealis, countless herds of
reindeer and, of course, Santa Claus. Skiing resorts have been a strong calling card for Lapland for a long time, offering
a variety of before-and-after ski services for nature lovers. The crown jewel in this network of skiing resorts is Ylläs which
offers, arguably, the best and the most versatile slalom in the land.

H

Double Action
Metsähallitus is looking to push through a
two-part attack. First, there is the expansion
of the existing resort village in Iso-Ylläs
area; second, there is the brand new resort
village to be raised in neighbouring Äkäslompolo. Taken together, the initial plans
call for 500,000 floor square metres of new
construction. Partners for Iso-Ylläs area are
the municipality of Kolari and Iso-Ylläs Ltd;
for the new village, the partners are municipality and Lapland Hotels.
16 Nordicum

“The new village in Äkäslompolo could feature as much as 330,000 floor
square metres and would be able to accommodate 13,000 hotel patrons. The remaining