Credit: Itis

Itis Shopping Center receives Gold-Excellent SHORE Certification

Itis, Helsinki’s 108,000 sq m retail and office complex, has achieved a GOLD-Excellent SHORE Certification.

The shopping center contains 160 stores anchored by Stockmann, S-market, Lidl, Halonen, Tokmanni, and H&M, 3,000 parking stalls, and offices arranged over five floors. The complex is owned by a Morgan Stanley real estate investment fund and managed by CC Real. The €0.5 billion investment was MSREF’s first acquisition in Finland when it closed in 2018.

SHORE Certifications are carried out by SAFE Asset Group who explain that Itis Shopping center started with its first certification in 2018 and now shows even better preparedness and operational practice with the highest of international standards.

“We are proud to see the GOLD-Excellent SHORE Certification recognizing our operational capability and our brand. It reflects the dedication of our team and reinforces our position as a trusted shopping center operator in Finland,” says Christoffer Jansen, Head of Center Management.

“Itis achieving the SHORE certification Gold is a great achievement. They continue to minimize risks, maximize property value, and ensure a safe environment for tenants and customers; this plays a vital role in the future of shopping centers,” says Erik Engstrand, CEO of SAFE Asset Group.

SHORE stands for Safe, Hospitality, Office, Retail, and Exhibitions – the international certification standard for real estate assets in Risk, Resilience, and Governance. SAFE Asset Group have certified over 8.5 million sq m of commercial space in 29 countries for a wide range of institutions and portfolio investors.

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