Former Architecture Museum sold for €520,000

The former Architecture Museum in Helsinki has been sold to Y-K Oy Finland for €520,000, state property manager Senaatti-kiinteistöt announced on Friday.

The buyer will assume responsibility for extensive renovation work, with costs expected to reach millions, according to Y-K Oy Finland CEO Petri Yrjö-Koskinen. A precise estimate is not yet available, as the purchase was only recently finalized.

Renovations will begin with restoring the building’s exterior while the new owner explores potential uses. Yrjö-Koskinen suggested the 120-year-old property could suit a corporate headquarters, fitness facilities, or exhibitions. The interior will be adapted to accommodate flexible use, including updated kitchens.

Built in 1899 to designs by architect Magnus Schjerfbeck, the building originally housed the Scientific Societies’ House. It later served as a gymnasium in the 1930s and, from 1982, as the Finnish Architecture Museum. The state-protected building, listed in both the zoning plan and a government decree, spans 2,000 square meters over three floors, a mezzanine, and a basement, with 1,150 square meters available for lease.