The assets consist mostly of properties, listed securities and direct investments in unlisted companies and funds. The University of Helsinki Group had a turnover of €1.0 billion in 2019, and its balance sheet amounted to nearly €1.7 billion. In 2019 the Group’s returns were €60 million, with an equity ratio of 74.7%.
The Group’s balance sheet (equity), equity ratio and result are greatly influenced by the fact that securities are recorded at market value, their share being €85 million of the result in 2019.
As part of the University of Helsinki Group, the University of Helsinki generated an operating deficit of €35 million.
Throughout its history of almost 380 years, University of Helsinki has owned and managed properties. About three-quarters of the University’s assets are in the form of real property. At the end of 2018, the buildings owned by the University were valued at €800 million on the balance sheet.
Most of the University's properties are located in the City of Helsinki. The University intends to focus its properties in Helsinki on the four campuses. The most renowned University buildings are located on the City Centre Campus, such as the University Main Building on Senate Square and the neighbouring Porthania building. The University also owns properties on its research stations around Finland.
The University aims to ensure suitable facilities for its academic community at reasonable costs. Ownership of the premises enables the University to react quickly to changing facility needs.
In recent years, the number of facilities used by the University has decreased. Efficient use of the facilities saves money for the University’s core duties, i.e., teaching and research.
Approximately two-thirds of the University of Helsinki Group properties are owned by Helsinki University Properties Ltd, and one third by the University of Helsinki Funds.
Helsinki University Properties Ltd is a real property investment company focusing on owning and developing premises.
The company is fully owned by the University of Helsinki and is part of the University of Helsinki Group.
Helsinki University Properties works on an absolute net rent basis and primarily rents out premises to its owners.
The company owns a total of approximately 400,000 square metres in premises, roughly 90% of which is operated by the University of Helsinki. The book value of these properties at the end of 2018 was approximately €455 million.
The most significant properties owned by the company
Meilahti Campus: Haartman Institute, the building at Topeliuksenkatu 32 51 957 htm²
Buildings on the Kumpula Campus 50 335 htm²
Viikki Campus: Biocentres 37 707 htm²
Viikki Campus: buildings of the Faculty of Agriculture and Forestry 34 424 htm²
Forestry Building - Topelia 24 922 htm²
Buildings in Ruskeasuo 24 615 htm²
Porthania 15 948 htm²
The University of Helsinki Funds owns a total of approximately 250,000 square metres of premises and housing, roughly 90% of which is operated by the University of Helsinki. The accounting valuation of these properties at the end of 2018 was €317 million.
The most significant properties owned by the Funds
The “Elk” block (properties from Kaisa House to Porthania) 45 085 htm²
Siltavuorenpenger 28 073 htm²
The National Library + book cave 23 923 htm²
The University’s Main Building 16 925 htm²
Meilahti Campus: Biomedicum I and II 16 433 htm²
Aleksanterinkatu 7 + Yliopistonkatu 4 15 894 htm²
Viikki Campus: Cultivator I and II 7 410 htm²
As. Oy Enontekiön Kilpisrivit, 68 %
Fastighets Ab Aleksandersgatan 7, 100 %
KOy Helsingin Kirjastoluolat, 100 %
KOy Helsingin Kaisaniemenkatu 5, 100 %
KOy Viikinmansio, 100 %
Oy Vuorikatu 3, 100 %
KOy Fabianinkatu 32, 100 %
As. Oy Isokatu 27, 48,6 %
Helsingin Tiedepuiston yrityshautomot Oy, 47,8 %
KOy Biomedicum Helsinki, 46,9 %
KOy Helsingin Pohj. Hesperiankatu 23 A, 50,0 %
KOy Lammin Biokylä 1, 30,0 %
KOy Helsingin Ympäristötalo, 25,4 %
As. Oy Yliopistonk. 25, 21,2 %
KOy Liiketalo, 22,9 %
KOy Mikkelin Tietotaitokortteli, 9,4 % (konserni yhteensä 48,4 %)
The most important company owned by the University of Helsinki Funds is the University Pharmacy. The University Pharmacy Group, which operates in Finland and Russia, has a turnover of 325 million euros (year 2019). The core mission of the University Pharmacy is to provide its customers with successful pharmaceutical care and to promote their health and wellbeing. Moreover, the University Pharmacy has special duties of social significance, such as the preparation of rare medicines. Read more about the pharmacy and corporate income tax paid by the University Pharmacy.
HY247, or University of Helsinki Property Services Ltd, is a community of a little over 300 professionals that provides property services to the University community. HY247 is responsible for construction, maintenance and cleaning services, as well as porter services and expert services in upkeep and facility booking.
The University of Helsinki owns the copyright to the name day lists of Finnish and Swedish names in Finland. The proceeds from these copyrights make up the major part of the turnover of the University of Helsinki Almanac Office.
Helsinki Innovation Services handles invention disclosures at the University and enhances the commercialisation of innovations generated by University research.
Gaudeamus Helsinki University Press publishes high-quality non-fiction and science literature: popular science, research literature, textbooks, professional publications and political pamphlets.
The University of Helsinki Centre for Continuing Education (HY+) offers education in the following fields: tailored language training, teaching, growth and mentoring, organizational development, health and well-being, communication and digitalization, as well as nature and environment.
Unigrafia Oy offers printing, copying and publishing services. The University of Helsinki Funds owns 57.5% of the company, the other owners being Aalto Holding Ltd, Haaga Helia Oy Ab and University of the Arts Helsinki.
Unihome Ltd offers accommodation services, particularly to the international guests of universities in the Helsinki and Espoo regions. The University of Helsinki Funds owns 81% of the company and Aalto University 19%.
Funidata Oy develops study- and teaching-related information systems for universities. The company is owned by the University of Helsinki (31.5%), Tampere University (23.2%), Aalto University (19.1%), the University of Jyväskylä (14.5%), LUT University (5.2%) and the Hanken School of Economics (2.9%).
4Pharma Ltd specialises in the data management and statistical analysis of clinical research. The Finland-based company operates in Sweden as well. Its affiliate in Switzerland will cease operations in 2020.
University of Helsinki Almanac Office, 100%
Unigrafia Oy, 58%
Helsinki Innovation Services Ltd, 100%
Gaudeamus Oy, 100%
HY+ Oy, 100%
Smear Oy, 100%
Unihome Oy, 81%
University Pharmacy Group
Yliopiston Apteekki Oy (parent company), 100%
Russia: Universitetskaja Apteka OOO, 100%
Medapta Oy, 100 %
Yhteistyöapteekit Finland Oy, 100 %
HBS Finland Oy
Oy 4Pharma Ltd (parent company), 100%
4Pharma AB, Sweden,100%
4Pharma Switzerland GmbH, 100% (the company will cease operations in 2020)
The University of Helsinki Funds owns shares in a number of companies, for example, in start-ups grown out of research conducted at the University.
Airmodus Oy, 34.8%
Aplagon Oy, 13.0%
Dalan Animal Health Inc, USA, 22.0%
Edvisto Oy, 13.5%
Etsimo Oy, 30.0%
Fun Academy Oy, 5.0%
GlucoModicum Oy, 23.5%
Helsinki International Schools Group Oy, 14.3%
Karsa Oy, 10.6%
MOPRIM Oy, 29.2%
Nanoform Finland Oy, 14.5%
The Solubility Company Oy, 22.3%
Uute Scientific Oy, 10.6%
Valo Therapeutics Oy, 22.3%
Veil.ai Oy, 26.0%
The University of Helsinki Group includes two foundations, namely the University of Helsinki Research Foundation and the foundation for the Kumpula Sports Centre.
The University of Helsinki Research Foundation was established on the occasion of the University’s 350th anniversary for the purpose of promoting and supporting the research of young scholars. It may also support other research conducted at the University. In 2014 the Foundation adopted the practice of funding young researchers through donated positions in doctoral programmes.
The foundation for the Kumpula Sports Centre owns the Kumpula Sports Centre.