HGR Property Partners is a Finnish real estate development and investment company based in Helsinki. Founded in 2005, the company focuses on developing commercial and residential properties primarily within the Helsinki metropolitan area and nearby Espoo. It has completed real estate transactions totaling approximately 500 million euros in Finland.
The company’s portfolio includes the redevelopment of historic sites and the creation of new urban spaces. Recent examples include the purchase and planned redevelopment of the Kaartin Lasaretti block, a historic city block in Helsinki comprising six buildings dating back as far as the 1820s. Plans for this site involve cooperation with the City of Helsinki and local authorities to repurpose the area, which has previously served as a military hospital and research center.
HGR also undertakes large-scale projects such as the Keilaniemenranta development in Espoo, which aims to combine office, residential, and leisure spaces in a new seafront city center. Another notable site is Niittyportti 4 in Espoo, a 15,200-square-meter office complex acquired at the end of 2020.
The company is active in divesting fully or partially developed assets to institutional investors. For instance, in 2024 and 2025 HGR sold school and daycare assets in Helsinki’s city center, as well as major business premises development projects, to institutional real estate funds. HGR’s approach often involves substantial renovation and an emphasis on long-term practical value rather than short-term gain.