VP Facilities
- Company typePrivate
- Founded-
- HeadquartersVaasa, Finland
- Headcount1–10
- GTM typeB2B
- OfferingServices
What VP Facilities does
VP Facilities Oy Ab is a Finnish commercial real estate development and management company headquartered in Vaasa, Finland. Founded in 1999 and operating as a subsidiary of holding company Vaasa Facilita Oy Ab (with sibling brand Vaasa Parks), the company specializes in developing, leasing, and managing office, production, and commercial spaces in the Vaasa region and surrounding areas. Its reference portfolio includes the Futura I-IV technology centers at Yrittäjänkatu, the EnergyLab research facility at Palosaari, Powergate I-II and Producta I-II industrial properties in Vaasa Airport Park, Circle House at Silmukkatie, Puffetti at Pitkäkatu, and the SmartBay Palosaari waterfront development project.
The company generates revenue through three streams: (1) one-time property sales to investors and end-users (e.g., Primo Finland property sold to Balder Finland in 2025, EnergyLab to University of Vaasa in 2023, Producta II to Wasa NNT-Invest in 2021), (2) recurring rental income from leased office, production, and commercial spaces, and (3) custom construction/build-to-suit services for enterprises that cannot find suitable existing premises. Tenant relationships are concentrated with regional industrial and energy-technology firms such as Wärtsilä, Citec, The Switch Engineering, and Primo Finland, alongside financial services (Nordea) and logistics (Williamsson Transport). The sales motion is relationship-driven, targeting local enterprises and companies establishing operations in the Vaasa region.
The firm operates with a lean team of approximately seven employees (with management, finance, and project management functions shared across the Vaasa Facilita group) and uses Granlund Manager for tenant service requests. There is no proprietary software platform or disclosed technology stack beyond standard property management tooling, and the business is relationship- and asset-driven rather than technology-driven. Pricing is quote-based and not publicly disclosed, consistent with bespoke commercial real estate transactions.
VP Facilities firmographics
Firmographics- Name
- VP Facilities
- Legal name
- VP Facilities Oy Ab
- Website
- https://vpfacilities.fi
- Company type
- Private
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Ownership category
- akta.pro rank
VP Facilities industry classification
Industry- Product category
- Commercial Real Estate Services
- NAICS
- Rental and Leasing Services (532), Lessors of Nonresidential Buildings (except Miniwarehouses) (531120), Real Estate Property Managers (53131), Lessors of Real Estate (5311)
- SIC
- Operators Of Nonresidential Buildings (6512), Real Estate Dealers (For Their Own Account) (6532), Real Estate Agents & Managers (For Others) (6531)
- akta.pro primary industry
- Commercial Real Estate Brokerage (Leasing & Sales) (FSAEAJAB)
Keywords
Where VP Facilities is headquartered
LocationHeadquarters
- HQ city
- Vaasa
- HQ country
- Finland
- HQ region
- Europe
Offices1 record
Markets served
VP Facilities business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Infrastructure, Others
Revenue model
- Property Sales: VP Facilities develops and sells commercial properties to investors and end-users. Recent transactions include sales to Balder Finland (Primo Finland property), Wasa NNT-Invest (Producta II to Stefan Träskelin's family), and FV Growth Enabler (Runsorintie 10-12).
- Property Rental/Leasing: The company manages and rents out commercial properties including offices, production facilities, and commercial spaces in Vaasa area.
- Custom Construction Services: VP Facilities offers new construction services for companies that cannot find suitable space in current offerings, providing tailored property solutions.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels2 records
VP Facilities product offering
Product offeringCore offering
VP Facilities develops, owns, and manages commercial real estate in the Vaasa region of Finland, including office spaces, production and industrial facilities, and retail/commercial premises. The company offers both existing properties for rent or purchase and custom construction services for businesses whose space requirements are not met by current inventory. Its portfolio includes signature developments such as Futura I-IV technology centers, Powergate I-II, Producta I-II, Circle House, EnergyLab, and Puffetti, developed for tenants like Wärtsilä, Citec, The Switch Engineering, Nordea, and Primo Finland.
Product overview
VP Facilities is a Finnish real estate company specializing in commercial, office, and industrial property management and development in Vaasa and surrounding areas. The company offers a portfolio of managed properties including office spaces (Toimistot), production facilities (Tuotantotilat), and commercial spaces (Liiketilat). Their property portfolio includes branded properties such as Futura I-IV technology centers, EnergyLab research facility, Powergate I and II, Circle House, Producta I and II, and Puffetti. VP Facilities operates through its sub-brand Vaasa Parks for technology-focused properties. The company provides both existing premises and new construction services, with notable development projects like SmartBay Palosaari. Services include property management, tenant request handling via Granlund Manager, and customized property solutions for businesses in the Vaasa region.
Differentiator
Problem solved
Functional benefit
Companies that use VP Facilities
Customer profileNamed customers6 records
Segments3 records
Ideal customer profiles3 records
VP Facilities technology and API
TechnologyAPI detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
VP Facilities partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered minor and core.
- Famdell Oy AbminorCo-seller with Kvadraten Ab and VP Facilities in the sale of KOy T2 Partners Vaasa Fab to Balder Finland. Famdell owner Niclas Lundell was part of the property development team.
- Kvadraten AbminorCo-seller with Famdell Oy Ab and VP Facilities in the sale of KOy T2 Partners Vaasa Fab to Balder Finland. Kvadraten family company representatives Kenneth and Linus Krooks were part of the property development team.
- University of Vaasa (Vaasan yliopisto)corePartnership for EnergyLab laboratory building development. Vaasa Parks (VP Facilities group) developed the energy research laboratory facility in Palosaari for the university's VEBIC research platform. The university was the primary user and tenant, later purchasing the property in 2023.
- Wärtsilä Finland OycorePartner in EnergyLab laboratory project alongside University of Vaasa and Vaasa Parks. Wärtsilä contributed to the energy research facility development that later became part of the VEBIC research platform.
- Vaasa Science ParkminorEnergyLab/SmartGrid project was part of Vaasa Science Park/Innotalo block development. Future phases planned including a 12-story main building.
Scale indicators4 records
Recent moves9 records
Expansion highlights4 records
VP Facilities competitors and assessment
Company assessmentDirect peers
- SRV Yhtiöt: Finnish project developer focused on commercial, office, and mixed-use real estate. Comparable to VP Facilities as a domestic developer competing for build-to-suit and custom construction projects, though operating at national scale rather than regional.
- Sponda: Finnish commercial real estate company (now owned by Blackstone) owning and managing office and retail properties in major Finnish cities. Comparable as a domestic commercial property owner/manager, though focused on Helsinki and other major hubs rather than regional centers like Vaasa.
- Balder Finland: Finnish arm of Swedish-listed Balder, a major Nordic commercial real estate investor/owner. Direct counterparty and comparable buyer of institutional-grade Finnish commercial assets, having acquired the 11,000 m2 Primo Finland property from VP Facilities in November 2025.
Broad incumbents
- NCC: Major Nordic construction and real estate developer with significant operations in Finland. Comparable as a commercial property developer serving enterprise tenants, though with much broader Nordic scale and a wider project portfolio.
- OP Kiinteistösijoitus: Real estate investment arm of OP Group, managing Finnish commercial real estate funds (including Pohjola Kiinteistösijoitus which acquired VP Facilities' Citec office in 2015). Comparable as an institutional acquirer of Finnish commercial property assets.
- Castellum: Swedish-listed commercial real estate company owning offices, logistics, and public-sector properties across the Nordics. Comparable as a Nordic commercial property owner-operator with similar tenant profiles, though much larger and more diversified.
- Lemminkäinen (now YIT): Historical Finnish construction and real estate developer (merged into YIT) that built commercial properties across Finland. Comparable as a Finnish commercial property developer with similar build-to-suit capabilities, though now part of a much larger group.
- Citycon: Finnish-listed retail and commercial property owner-operator focused on shopping centers in the Nordics. Similar commercial real estate ownership and leasing model but specialized in retail rather than office/industrial.
- YIT Corporation: Largest Finnish construction and real estate developer covering residential, commercial, and infrastructure projects. Overlaps with VP Facilities in commercial property development and project management, but operates as a broad national incumbent rather than a regional specialist.
Regional players
- Fabege: Swedish commercial real estate company focused on office properties in the Stockholm region. Comparable business model to VP Facilities as office-focused developer/owner-operator serving enterprise tenants, though geographically focused on Stockholm rather than Finnish regional centers.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat3 records
Key risks1 record
Key highlights2 records
Customer concentration
VP Facilities social profiles
Digital presenceVP Facilities financial estimates
Financial estimateRevenue estimate
Valuation estimate
VP Facilities leadership team
Management profileNumber of profiles
Profiles4 records
VP Facilities funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
VP Facilities M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about VP Facilities
What does VP Facilities do?
VP Facilities develops, owns, and manages commercial real estate in the Vaasa region of Finland, including office spaces, production and industrial facilities, and retail/commercial premises. The company offers both existing properties for rent or purchase and custom construction services for businesses whose space requirements are not met by current inventory. Its portfolio includes signature developments such as Futura I-IV technology centers, Powergate I-II, Producta I-II, Circle House, EnergyLab, and Puffetti, developed for tenants like Wärtsilä, Citec, The Switch Engineering, Nordea, and Primo Finland.
Is VP Facilities a public or private company?
VP Facilities is a private company. It is classified as corporate owned and is currently operating.
When was VP Facilities founded?
VP Facilities was founded in -1. It employs 1 to 10 people.
Where is VP Facilities based?
VP Facilities is headquartered in Vaasa, Finland, in the Europe region.
How does VP Facilities make money?
Three revenue lines are on record. Property Sales are the primary driver. The others are property Rental/Leasing and custom Construction Services.
Who are VP Facilities's main competitors?
Direct peers on record are SRV Yhtiöt, Sponda and Balder Finland. Broad incumbents are NCC, OP Kiinteistösijoitus, Castellum, Lemminkäinen (now YIT), Citycon and YIT Corporation. Fabege is listed as a regional player.
Does VP Facilities have an API?
No public API is recorded for VP Facilities.
What industry is VP Facilities in?
VP Facilities's product category is Commercial Real Estate Services. Its primary akta.pro industry code is FSAEAJAB, Commercial Real Estate Brokerage (Leasing & Sales). Its NAICS code is 532 and its SIC code is 6512.