History
PEAK GROUP's current business idea started to develop in the early 1990's. At the time, when economy was in recession and real estate market in Finland was quite undeveloped, demand and supply didn't meet eachother. This was a big problem especially in production- and storagepremises. Small and middle size companies, who needed more than just office and business premises, had serious difficulties in getting suitable premises. Supply consisted mostly of big premises which didn't meet the technical requirements of the customer's business. In 1997 we gathered a group of small investors and bought next object to develop. Additional to a building, size of about 8.000 m2, real property had about 16.000 m2 of unused building right. Due to the big amount of capital the project required, we asked two public corporations to join in. They were Kera, nowadays known as Finnvera, and city of Espoo. Both, Espoo using its tradefund, joined in as shareholders of real estate company to fulfil their strategy of improving operation possibilities of productive small and middle size companies. In condition to investment was naturally a competitive return on investment, which has been accomplished better than expected. This project got a name Real Estate Company Espoon Ruukintie 20. Then the building, 1st phase, was split and modernisationed to meet the demand. In 1998-1999 2nd phase was carried out, which consisted of constructing a new building of 5.500 m2 on the real property. Due to the juridical structure of the project, premises were not sold but rent to companies, whose need from commercial premises was at first hand production- and storagespace. Phase 3. has also been in conversations, because real property has still 10.000 floor area m2 of building right. Business Center has now about 30 companies, whose unitsizes are from 60 to 2.000 m2 and current built total volume is about 13.000 m2. Real Estate Company Espoon Ruukintie 20 offers also a selection of additional services to its customers.
After identifying this problem and the specific demand of this customer segment, we started to develop an empty industrial area in Espoo into Palokärki Business Center. These buildings were divided into smaller units of 20-200 m2 and were sold to end users and investors. In the beginning of 1996 this Business Center had already 60 companies. This project of in total 10.000 m2 was a good example of how supply was fitted to meet the demand.
In 1996-1997 we realized a smaller object in Helsinki, Pakila which was customised for this customer segment. After renting the premises we sold the object to a long-term investor.
In these projects mentioned here we were along as owners and this way also shared the risk in those projects.
By using our know-how we developed service products to meet the demand and chose as narrow and between themselves as synergic customer segments as possible.
SERVICES THAT WE DEVELOPED AND PRODUCTIZED BASED ON DEMAND
Business / juridical development and project management service of the multi-functional premises for property developers and contractees
-Consultation and information services related to real estate purchase
-Establishment or development of a real estate company and administration's arrangements
-Resourcing service of a development project including e.g. tendering
-End user-based market surveys, planning execution based on the surveys and planning guidance of technical experts.
-Consulting services related to accounting, including e.g. discounted cash flow analysis, productive value calculations, taxation surveys and tax returns, all based on market information.
-Financial planning and financial negotiations
-Necessary services in real estate formation
-Tendering of building technical execution and management's resourcing
-Arragements with the public authority
-Informationing and communications
-Marketing, renting and possible sale of the property
-Arrangement of real estate management services and after-care of the project
Property / asset management services for real estate investors
-Finding tenants
-Tenancy management
-Securing regular rent cash flow
-Rent cash flow management and payment traffic management
-Looking after the property and estimation of renovation needs
-Property's discounted cash flow (DCF) and return on investment (ROI) analysis
-Looking after owner's benefits in real estate company and in other operational environments, e.g. regional authorities
Property management services for user owners and real estate companies
-House manager's certificates and maintaining of administrational database
-Property valuation
-Tendering of service providers
-Purchases and sales, e.g. invoicing
-Payments via internet
-Gathering of receipts monthly for accounting
-Connections to bank with power of attorney
-Consultation of administration of the real estate company
-Invitations for shareholders' meeting, organizing the meeting and reporting
-Regional authorities' connections and delivery of register data
-Guarantees and annual inspects
-Monitoring the maintenance
-Possessing the documents
-Rescue matters
User services for tenants
-Customized business assistance services like reception, phone and internet services, cleaning, office and mailing services, catering services
-Taking care of tenants' needs during the tenancy
References
OUR DEVELOPING AND MARKETING PROJECTS FROM YEAR 2001:
-Real Estate Company Upokaskuja 9, Tuusula. About 1.100 m2
-Keravan Klondyke, Kerava. About 30.000 m2
-Real Estate Company Vantaan Ylästötie 121 A, Vantaa. About 3.500 m2
-Real Estate Company Keravan Jäspilänantti, Kerava. About 1.500 m2
-Real Estate Company Savion Heisitie 4, Kerava. About 600 m2
-Real Estate Company Kilonportti, Espoo. About 4.500 m2
-Real Estate Company Lohjan Lohirannantie, Lohja. About 30.000 m2
-Real Estate Company Kelatien Koivukuja, Tuusula. About 600 m2
-Laajalahti Business Center, Espoo. About 21.000 m2
-3A - Real Estates, Vantaa. About 700 m2
-Real Estate Company Jusslansuu 7, Tuusula. About 1.800 m2
-Real Estate Company Espoon Karhu, Espoo. About 600 m2
-Real Estate Company Kelatien Kauppapaikka, Tuusula. About 600 m2
-Real Estate Company Petikon Yritystalo, Vantaa. About 1.500 m2
-Real Estate Company Jusslan Huurrekuja 7, Tuusula. About 1.800 m2
-Tuusulan Kelatie 9 B Halls, Tuusula. About 600 m2
-Real Estate Company Kelatie 16, Tuusula. About 1.000 m2
-Real Estate Company Kelatie 25, Tuusula. About 1700 m2
-Real Estate Company Jusslansuora 20, Tuusula. About 770 m2
-Real Estate Company Keravan Kytkinkatu 4, Kerava. About 560 m2
-Real Estate Company Muuralanportti, Espoo. About 2.230 m2
-Real Estate Company Koivulehdontie 2, Vantaa. About 460 m2
-Real Estate Company Vantaan Kelatie 30, Tuusula. About 810 m2
-Real Estate Company Finnoonniitty, Espoo. About 7.000 m2
-Real Estate Company Niittyläntie 2, Helsinki. About 2.500 m2
-Real Estate Company Keravan Seljankuja 3, Kerava. About 1.000 m2
In addition to the projects mentioned here, we also do a lot of smaller scale brokerage and consulting assignments.
