The city of Imatra is buying old properties and lots in the Ivo area from Fortum

Imatra's urban development board will have next Tuesday to decide on the real estate deal in the Ivo area. The city is buying the land with real estate from Fortum Power and Heat Oy. The object of the sale are the stone houses of the 1920s designed by Emil Ekegren, the wooden house area of ​​the 50s by Aarne Ervi and the so-called Engineer's house.

Imatra has been concerned about the fate of the properties for years. They have been empty since 2016, when Fortum terminated the leases.

─ This area has been dormant for a long enough time. We see that it is the most potential residential area to be developed in Imatra and it needs to be put in an attractive condition, Acting mayor Matias Hilden says.

The city is looking for a partner to renovate the stone houses

The goal is to preserve the fine stone house area.

─ We are now looking for partners to develop the Ekegren residential area. The goal is to find an operator who will restore the houses. Of course, a private person can also buy a property and renovate it. We hope that those who are interested will contact us, says Hilden.

The courage to negotiate the purchase was boosted by the fact that the city has already received inquiries from potential developers in the area.

There is now more potential for developing the area than before, as the city is currently renewing the area's municipal technology, which creates opportunities for both renovated sites and new construction.

In addition, the city offers zoned townhouse plots on the west and south side of Ekegren's residential area on Vuoksi beach.

─ We hope that this deal will speed up the development of the area even more widely. It's about a place right near the city center and Vuoksi, which could very well become a very comfortable residential area, says Hilden.

Total purchase price 281 euros

A total of 281 euros has been tentatively agreed with Fortum as the purchase price. It covers the stone and wooden house areas and the Insinööritalo with its grounds. The buildings are sold in demolished condition.

According to the proposal, the purchase price would be paid in two installments. If the deals can still be agreed during this year, the first installment payment would be in December, and at that time the city's ownership of Ekegren's stone houses and Insinööritalo would pass. With the final amount to be paid next year, the city would get the Ervi area.

Villa Malmi is not included in the planned transaction.

For more information:

Acting mayor Matias Hilden, tel. 020 617 2200, matias.hildenimatra.fi (matias[dot]hilden[at]imatra[dot]fi)

Chair of the Urban Development Board Pia Rantanen, p. 0505637306, pia. rantanenimatra.fi (pia[dot]rantanen[at]imatra[dot]fi)

Real Estate Director Mika Rainemaa, Fortum, tel. 040 617 6644, mika.rainemaafortum.com (mika[dot]rainemaa[at]fortum[dot]com)

Asset Manager / Fortum Power and Heat Oy Erkki Luukkonen, tel. 040 5042727,erkki.luukkonenfortum.com (erkki[dot]luukkonen[at]fortum[dot]com)

Agenda of the Urban Development Board