en.Wedoany.com Reported - Cityvarasto Plc is continuing to expand its operations in the Greater Helsinki area. The company has entered into an agreement with Conficap Oy to lease a property located at Sorvaankatu 13, 00880 Helsinki. The transaction involves a plot of approximately 4,400 square meters and a warehouse building constructed in 1973, with a gross floor area of about 6,000 square meters.

The existing tenant of the property will continue normal operations, while Cityvarasto will utilize the vacant space to open a self-storage facility. The company's CEO, Ville Stenroos, stated that the company has been operating in the Herttoniemi area for over 15 years, and this investment reflects confidence in the continued strong local demand. He emphasized that Herttoniemi and its surrounding areas are expected to see significant growth in the coming years, and the company aims to ensure it can meet the increasing market demand.

Herttoniemi is one of the most important commercial districts in Helsinki, and the population in the area is also projected to grow. The acquired property can support regional business activities and urban logistics needs. Ville Stenroos believes that with the expected population increase in Herttoniemi and its vicinity, the company sees substantial growth potential. Furthermore, Herttoniemi's role as an urban logistics hub is likely to be strengthened, making the area particularly suitable for various wholesale operations. The company wishes to be part of this development.

The addition of this new property helps Cityvarasto achieve its strategic goal of expanding its service network in key growth areas. Cityvarasto is a Finnish company founded in 1999, with its main business being self-storage operations. The group also includes PakuOvelle.com Oy, which engages in van rental, as well as Suomen Opiskelijamuutot Oy and Ja-Ki Muutto Oy, which provide moving services. The company's shares are listed on the Nasdaq First North Growth Market Finland under the ticker symbol CITYVA.