Technopolis announced that it will invest a total of EUR 39.3 million in organic expansion in its existing campuses in the Finnish cities of Kuopio and Tampere. In Kuopio, a total of 6,800 m² will be added to the Technopolis’ Microkatu Campus. The value of the investment is EUR 12.1 million and the stabilized yield is estimated at 10.4%. Construction is scheduled to start immediately and to be completed in August 2019. The pre-let rate is currently 66.6%. In Tampere, the second phase of the City Center Campus will be built as an extension to the first, the construction of which started in February 2018. The value of the second phase investment is EUR 27.2 million and the estimated stabilized yield is 7.8%. This phase will add another 7,300 m² in rentable area, bringing the total to 20,500 m² upon completion of the campus, which will also have a parking facility with 120 parking spaces. Construction work of the second phase is scheduled to start in September 2018, and to be completed in July 2020. The pre-let rate of the first phase is currently 41.9%. The second phase has no signed pre-lets yet, but the prospect pipeline is strong.