Granlundâs annual report 2023
Granlund Groupâs annual report provides an overview of our key events from 2023. Read more about Granlundâs growth, internationalisation, innovation activities and sustainability.
Granlund â Towards a sustainable and smart future. Together.
Established in 1960, Granlund is an expert company operating in the real estate and construction sector, whose goal is to make properties smarter and more functional as well as improve the well-being of people in the built environment. We employ over 1,400 experts, mainly in Finland although we also have offices in Sweden and the United Kingdom.
We want to develop productivity and digitalisation, energy solutions and sustainability in the real estate and construction sector. Our business areas comprise design, services and consultancy, construction management and supervision, software and property management.
Our business areas
| Engineering | Services and consultancy | Construction management and supervision | Software | Property management |
|---|---|---|---|---|
| We are the Finnish market leader in MEP design. Technical building systems ensure the functionality and safety of the building an play an important role in improving energy efficiency, for example. Our areas of expertise cover several areas of specialisation and we also provide architectural and structural design. | We offer property, energy and sustainability consultancy for existing properties and construction projects alike. We support our customers with the green transition and help them achieve their sustainability goals. Our property management consultants can help with managing the technical lifecycle of properties. | Construction management is one of our strongest growth areas. Our expertise covers construction management, supervision as well as project management services. We can also help with operational verification and commissioning on the threshold of project completion. In addition, we provide cost control and calculation services as well as 4D planning to support scheduling. | Our main software is Granlund Manager. The most popular property management software in Finland, it can be used to monitor, e.g. property maintenance and energy consumption. The software concentrates all essential property data in one place. Granlund Designer is a construction data standardisation and management tool. It introduces transparency into construction projects. | We provide property management services in Finland via Granlund IsĂ€nnöinti. Our services include the housing companyâs responsible property manager, financial administration services as well as technical property management. We also provide expert services to support the housing companyâs renovation design. |
| Read more about engineering | Read more about services and consultancy | Read more about construction management and supervision | Read more about software | Read more about property management |
Key figures
Granlund achieved a positive result in the challenging market situation of 2023. The Groupâs net sales increased by 8% year-on-year to EUR 139.3 million. The operating profit was EUR 12.7 million. While the company did not quite manage to reach its growth targets, the overall result was quite good.
Specialisation and focus on MEP-oriented projects, such as energy renovations, data centers and hospitals, also bore fruit in the more challenging market. There was also strong demand for property management services as well as sustainability and energy consulting. Granlund also continued its significant investments in digital solutions, which is evident in the record-breaking growth of the software business, for example.
Granlund had 1,423 employees at the end of 2023, an increase of 65 from the previous year. We paid our personnel performance bonuses amounting to EUR 3 million in total.
This good result was achieved with hard work and an active approach, for which we would like to thank all of our experts.
Pekka Metsi, CEO, Granlund
CEOâs review
During the year, the media painted a grim picture of the real estate and construction sector. The reality was sunnier, at least as far as we are concerned.
Even though the total volume of construction and person-years decreased for the first time in more than 10 years, the slowing down of the market mainly applied to the housing sector, which is a minor branch of activity for Granlund. The total volume of construction remained significant and we continued to achieve growth in some business areas.
A good year despite the uncertainty
Due to high inflation and interest rates, the market was characterised by uncertainty, and there were barely any major M&A transactions in the real estate and construction sector. The situation was toughest for startups and building development companies whose operations and investments rely on financing. Bankruptcies became more commonplace in the contractor sector, with design firms also going through change negotiations. All real estate and construction industry operators took a hit in the stock market.
Although the general market situation in the construction industry made it hard for us to meet our goals and the growth was more modest than anticipated, we managed to get through the year with some local adjustment measures only. For instance, it was decided to merge the operations in the JyvÀskylÀ area with the Kuopio business unit in Finland. The results were still good in many places, including Ostrobothnia, Lapland and Greater Helsinki.
The employment situation in our Group remained at a surprisingly healthy level throughout the year. We even achieved growth through a pair of domestic acquisitions: in the autumn, the Granlund family was joined by Projektivisio from Tampere and Arkkitehtitoimisto ON Oy from Kuopio.
The total volume of construction remained significant and we continued to achieve growth in some business areas.
Pekka Metsi, CEO, Granlund
Specialisation in demanding projects paid off
In a challenging market situation, our business model proved its worth. Specialisation in technically challenging renovation projects as well as data centers, hospitals and energy projects bore fruit. And once again, our regular customers proved to be our strength. Many customer relationships grew, and we managed to make partnerships tighter through framework agreements, for example.
With the public construction sector remaining active throughout the year, we were involved, e.g. in many life cycle projects, significant new public projects as well as renovation projects. We also kept ourselves busy on the data center front, with commerce and security projects as well as energy and security services. The health and social services reform was evident in our order book everywhere in Finland, with new hospital projects still launching even though the greatest period of growth is over.
Software products and software integrations kept setting sales records this year. The trend was also positive in continual services and property management, not forgetting architectural design and structural design, which are more of a new territory for us.
Cooperation and partnership models
On the project side, we took part in modern cooperation, such as alliances and other collaborative construction projects, and the key players in the field worked together in many development projects. Key amongst them were the continuing operations of the MEP 2030 consortium (in Finnish), while the Building2030 programme also expanded through new operators. And so, MEP is taking a bigger role in the construction sector and simultaneously strengthening our position in the value chain.
Appreciation for good design seems to be increasing in the industry. Many clients have come to realise that they will get better results with standardised teams and mutual operating models, especially if the parties are also committed to developing the operations. Partnerships come to the fore in MEP, where a wide range of different systems and equipment need to be integrated. The technology is developing at a breakneck pace and requires the contributions of multiple parties.
Ready for internationalisation
During the year, we clarified our group structure by merging regional subsidiaries into the parent company. Our aim is to expedite internationalisation in accordance with our new Plan G+ strategy. Having one company provides a stronger base for global mergers and acquisitions. The time is also ripe for internationalisation as the market is fluctuating and it is easier to make large acquisitions now than during boom.
On the global market, our goal is to âdo what Granlund doesâ and build similar synergy layers and partnerships as in Finland. We create added value for our partners around the globe, specifically in hospital, data center and energy projects. The opportunities are also there for our software and data know-how. We have ourselves expanded our operations from an engineering firm to a software company, which means that we are well-positioned to guide others in the development of new business.
Digital and sustainability trends continue
The real estate and construction sector is still affected by the same trends as in the last few years. Key themes include the green transition, the ESG classification related to sustainable investment as well as the EU taxonomy. We helped our customers with designing and implementing energy saving programmes as well as measures to react to the dynamic energy market and drastic fluctuations in the price of electricity.
Granlund becomes one company in Finland
Granlund reorganised its Finnish organisation, with the Groupâs 12 subsidiaries merging with the parent company in October 2023. The goal of the merger was to streamline the ownership structure and prepare for internationalisation.
Another trend still going strong in the sector is business intelligence. We contributed to the trend by establishing the Data Office organisation to help our business units with data flow and the use of AI, both in internal processes and customer projects. The measures we took to promote data sharing and data transfer in projects included Big Room solutions and dynamic reporting tools. We also participated in data standardisation development projects.
Having one company provides a stronger base for global mergers and acquisitions.
Pekka Metsi, CEO, Granlund
2024 is all about opportunities
At the end of 2024, the market situation is projected to take a turn in a positive direction, which is welcome news for the real estate and construction sector at large as well as Granlund itself. High interest rates, inflation and cautious real estate developers will surely remain a feature this year, but I believe that we will be fine doing what we have been doing so far. We have already lined up several important projects for 2024 as well as continuous customer relationships and the development of operations.
Pekka Metsi, CEO, Granlund
Strategy and operating environment
A new version of Granlundâs strategy, Plan G+, was released in the spring of 2023. As a rule, the strategic goals remain unchanged. In the coming years, we will continue to focus on productivity, sustainability, creating the best possible workplace and global growth. In the future, our business operations will continue to be based on the partner model, i.e. cooperation with our nearly 300 owners.
The plus sign after the name of the strategy marks a bolder policy in terms of internationalisation. By 2027, Granlund is aiming to achieve net sales of approximately EUR 350 million and increase its personnel to over 3,000. It requires significant global mergers and acquisitions.
In 2023, preparations were made to expedite internationalisation by means of changing the Group structure. All of the 12 regional subsidiaries in Finland merged with the parent company, with only Granlund IsÀnnöinti Oy and the overseas companies remaining as independent businesses. The Group reorganisation facilitates M&A transactions and thereby expedites internationalisation. The M&A transactions are initially aimed at expanding in Scandinavia, with select European countries to follow in the next phase.
The Group reorganisation does not have an effect on the daily life of business units. A local presence, customer service and decision-making will remain Granlundâs strengths in the future. Each business unit also sets its own strategic targets.
Each business area set its own strategic targets.
Pekka Metsi, CEO, Granlund
MEP design â sustainable construction
Granlund remained a market leader in MEP design. The measures taken to support design projects during the year included sustainable construction services, quantity and cost calculation as well as 4D planning. Granlund also provided comprehensive MEP services for building development and energy projects.
In the future, the objective of MEP design is to create solutions for the green transition, digitalisation and improving productivity. Productivity in the real estate and construction sector will only improve once the operating models are backed by data. The significance of MEP design is highlighted by urbanisation and denser man-made environments. Properties increasingly require technology that ensures both indoor conditions and energy efficiency.
Construction management and supervision â for better productivity
The net sales of construction management and supervision increased during the year and Granlund has become a strong local project management operator. Internal cooperation between different business units ensures that customers will get to enjoy the same high quality of construction services everywhere in Finland.
The key strategic goal of construction management and supervision is to improve productivity in the sector. The development of operating models is aimed at getting the implementation of construction projects right straight away. Indeed, Granlundâs experts prefer to contribute more to the implementation stage and help contractors plan the order of tasks as well as the circulation of materials on the site in a smarter way.
Consulting services â sustainability and energy
Our range of consulting services increased in several customer relationships. The increase was clear in the energy and sustainability services. Partnerships were strengthened and productisation opened up new customer relationships. Granlund produced the greatest added value in comprehensive energy management, optimising future investment needs and ensuring the functionality of technology. For example, the benefits of the services were evident to customers in a quality indoor environment.
Now and in the future, Granlundâs strength is promoting the green transition through sustainable construction, energy management and property management consulting. We offered customers support in improving energy efficiency, assessing the impact of emissions as well as comprehensive sustainability and emission control.
Software and data operations â efficient data flow
The strategic goal of the software and data operations is to use data to increase profitability in the real estate and construction sector. Demand for various data flow-related integration solutions increased faster than the SaaS business. Regardless, growth was also evident in traditional software products. We were able to attract new customers, especially from the public sector. Many customers also replaced their systems or introduced new features. We also expanded our software support and parallel services.
Property management â a profitable business
2023 was a pivotal year for property management. The trend of the operations has turned to moderate growth as the initial challenges have been met and dealt with. The business operations of Granlund IsÀnnöinti have reached a profitable level.
Granlund Data Office develops a data-driven approach
Established in early 2023, the Granlund Data Office team develops the data-driven approach of the company and its different businesses as well as the use of AI. The backdrop is Granlundâs strategy, a change in Granlundâs own modes of operation as well as the digitalisation of the real estate and construction sector. The operations enhance, e.g. data flow as well as the utilisation of AI and the data generated by data models.
The team is tasked with assisting different business units with the management of the data flows and databases used. To Granlundâs customers, it is visible in the form of consistent and visual Power BI reporting, for example. Reliable, deeply data-driven reports support customers with various data management challenges.
The data-driven approach benefits all business areas, but it brings special benefits to continual services. Large volumes of data are processed in energy management and to ensure operations, for instance. Granlundâs other data-driven services include 4D planning, HVAC calculation register and AI Energy Survey. The data-driven approach enables increased productivity and new business.
Data Office develops a data-driven approach together with different businesses, innovation departments and development teams. Different businesses have set their own targets, while the company at large has strategic indicators to monitor progress. In 2024, new services will be added to the data-driven approach as well as internal tools to improve the quality and productivity of expert work. What is more, employees come up with new ideas on ways to utilise data, for example, in the internal Data Challenge competition.
Our operations are informed by sustainability
An important part of our strategy, sustainability informs the development of Granlundâs operations. Along with profitability, creating the best possible workplace and global growth, sustainability is one of the upper-level targets specified in Granlundâs strategy.
At the background of sustainability work are the factors identified in strategy work that influence change: sustainable growth, climate change, aging of the population, digitalisation and urbanisation. These factors also steer our innovation and development activities. By creating new solutions together with its customers, Granlund helps solve the requirements arising from the real estate and construction sectorâs green transition and sustainability.
Our daily work is informed by Granlundâs values, Ethical Ground Rules, good governance, various internal policies as well as ISO-certified quality (ISO 9001) and environmental systems (ISO 14001).
Corporate responsibility is the responsibility of each Group companyâs Board of Directors and CEO. Their duty is to ensure that the business opportunities and risks brought about by sustainability are taken into account in the short and long term and reflected in the companyâs strategy. Corporate management is responsible for seizing business opportunities, mitigating risks and making sure that employees are familiar and comply with their internal and external obligations.
Internal corporate responsibility work is led by the Quality and Sustainability Director, supported by the Sustainability Manager. Steered by the Quality, Sustainability and Risks steering group, the work is carried out in close cooperation with experts working at the customer interface. The wide range of sustainability challenges faced by customers are tackled under the leadership of the director of the energy and sustainability business and the Development Manager of the sustainability business.
In accordance with the CSRD, Granlund has conducted a materiality analysis that will be supplemented by stakeholder interviews in 2024. Our own employees are amongst Granlundâs most important stakeholders. Granlund the company is owned by its employees. Granlund wants to be the best possible workplace and invest in good management, fair and equal treatment as well as the development of expertise. Healthy, happy, competent and motivated employees are in a key position to provide our customers with quality, expert and flexible service.
By providing healthy and safe premises, Granlund has n indirect influence on a large number of users of premises. Granlund actively develops new solutions together with other industry operators and wants to lead the way in the green transition and sustainability of the real estate and construction sector. Both through its own activities and customer work, Granlund is able to greatly contribute to the well-being of the environment.
The three themes of the sustainability programme
Granlundâs sustainability programme is built on the basis of our mission: We create well-being for people, buildings and the environment. These three themes constitute sections of Granlundâs sustainability reporting.
For more information regarding Granlundâs economic responsibility and social responsibility, please see sections Key figures and Personnel, respectively.
In 2023, Granlund promoted sustainable operations with regard to all of the three themes. In addition to measures, the table below describes the sustainability goals and realised goals in 2023. The sustainability indicators are part of our strategic indicators, which are primarily monitored on a quarterly basis. For the applicable parts, our sustainability goals are also included in the goals of our strategic projects.
Our sustainability programme themes, goals and realised goals
| theme |  For buildings |  For the environment |  For people |
|---|---|---|---|
main goal | We invest in innovation activities, support training and research in the industry and create value for the property owner | We lead the way in energy efficiency and the promotion of carbon neutrality in the sector | For us, people are the main character â both as employees and as users of premises |
measures 2023 | Record number of innovation and development projects launched Revit BIM template shared with industry operators free of charge Survey on the digital maturity of the real estate and construction industry Becoming a member of KIRAHub Record number of internship applications received through cooperation with students and educational institutions | SBTi goals internally approved Decision made to increase the commute balance as of the start of 2024 Carbon handprint calculation expanded Low-carbon design training organised Market research on environmental responsibility implemented A report was drawn up on the carbon footprint and material content of MEP systems for the Ministry of the Environment | Diversity and inclusion work group started its operations Theme of the Well-Being at Work Year reminds us to manage our lives holistically Career path model piloted Mentoring programme provided Initial results of the E3 research project published Mad@work project ended |
indicator and realisation 2023 | Customer satisfaction NPS: 68 Development of external financing of innovation activities: increasing Development of the volume of innovation and development activities: increasing | Carbon footprint (Scope 1, 2 and 3): 1,575 t CO2e | Employee Net Promoter Score eNPS: 50 Personnel turnover: 5.2 Development of the amount of training: â*) *) There is no comparable information available due to the change of LMS |
In 2023, we promoted the âWell-being for peopleâ theme of the sustainability programme through the following measures: developing our diversity and inclusion work, the well-being at work theme year, piloting the career path model as well as the mentoring programme. The strategic indicators of the âWell-being for peopleâ theme include the Employee Net Promoter Score (eNPS), personnel turnover and development of the amount of training. The eNPS and personnel turnover both show a positive trend. There is no comparable data available regarding the development of the amount of training due to the change of LMS.
Customer satisfaction and the development of the sector are key to the âWell-being for buildingsâ theme of the sustainability programme. Granlund invests in innovation and development projects, of which there was a record number in 2023. In addition, a significant contribution to the development of the sector was sharing the Revit BIM modelling template with the sector free of charge. Granlund does active work with educational institutions, such as giving lectures. Thanks to our close cooperation with educational institutions, we received a record number of internship applications. Granlundâs customer satisfaction has remained at a high level year after year: in 2023, the NPS figure measuring customersâ willingness to recommend Granlund, was 68. The external financing and volume of our innovation activities show a positive trend.
Granlundâs activities have a significant impact on the environment, both through Granlundâs own operations and customer work. We will take a closer look at the âWell-being for the environmentâ theme in the following sections.
We systematically maintain the carbon neutrality of our own operations
Granlund takes into account the well-being of the environment, both in customer work and its own operations. Granlund helps its customers adapt to the impacts of climate change and reduce their carbon footprint throughout the lifecycle of the property. With regard to its own operations, Granlund is committed to carbon neutrality, which it already achieved in 2021 by reducing the environmental effect of its operations and providing additional carbon offsets. Granlund maintains the carbon neutrality of its own operations through systematic carbon neutrality work guided by the carbon neutrality road map. Granlund is also committed to the Science Based Targets initiative (SBTi).
Emissions from commuting are Granlundâs most significant emission source. To cut the resulting emissions, Granlund supports sustainable commuting by providing commuter benefits and company bicycles. The employees can also take advantage of the shared cars, bicycles, electric bicycles and electric scooters intended for travel during the working day. In 2023, as part of the work to determine the SBTi goals, the management worked specifically on sustainable commuting methods. One concrete measure resulting from this is an increase in the commuter benefit: at the start of 2024, the commuter benefit was increased by 33% to support the transition from private car use to public transport.
Granlundâs own properties use renewable electricity and green district heating. Many of the offices produce solar energy.
Total emissions showed a moderate decrease
Granlund calculates its carbon footprint according to the GHG protocol. The GHG protocol is an internationally acknowledged calculation standard that divides emissions into three scopes. Granlundâs calculation includes direct emissions (Scope 1), the indirect emissions of purchased energy (Scope 2) and other indirect emissions essential to Granlund (Scope 3).
65% of Granlundâs company cars are electric
In 2023, Granlundâs total carbon footprint (Scope 1+2+3) was 1,575 t CO2e (2022 1,590 t CO2e). Absolute total emissions decreased by 1% and the total emissions relative to the net sales decreased by 9%.
In 2023, the absolute district heat consumption increased, which was reflected in an increase in purchased electricity and heat, i.e. Scope 2 emissions.
Scope 1 emissions, i.e. emissions from company vehicles, continued to decrease as the company car fleet became greener. 65% of Granlundâs company cars are electric.
In terms of Scope 3 emissions, the increase in business activity was also reflected in commuting and business trips, the emissions of which increased. On the other hand, emissions from purchased products and services declined.
Scope 1+2 emissions in 2021â2023
Carbon handprint calculation expanded
Granlundâs operations have a big impact on reducing customersâ carbon footprint. That is why Granlundâs goal is to measure the positive climate effect of our customer work through the carbon handprint. So far, the strategic metric only includes carbon footprint but the development of a systematic calculation method is also aimed at making the handprint effect visible.
Granlund has devised a method to calculate its own carbon handprint. 2023, the carbon handprint was calculated on the basis of nine different service categories as well as 169 projects. On the basis thereof, the realised handprint of Granlundâs customer work in 2022 was 17,358 t CO2e and its potential handprint for 2022 was 624,404 t CO2e. In other words, the impact of Granlundâs carbon handprint is highly significant.
| Calculated projects | Realised carbon handprint | Potential carbon handprint |
|---|---|---|
| 169 | 17,358 t CO2e | 624,404 t CO2e |
| The realised carbon handprint was calculated on the basis of realised services or projects | The potential carbon handprint is an opportunity identified by the companyâs services to reduce the customerâs emissions | |
| Additional information on calculating the carbon handprint |
The strategic low-carbon design project is also linked to increasing the carbon handprint. In 2023, the project organised five low-carbon training sessions for designers, for example.
Mölnlyckeâs energy efficiency project is also the recipient of the Vuoden Energianerokas 2023 (Energy Genius of the Year) award
Granlundâs solutions help customers reduce their carbon footprint, which in turn increases Granlundâs carbon handprint.
For example, the amount of energy saved by utilising the excess heat arising from production at Mölnlyckeâs plant equals the annual consumption of approximately 240 single-family homes. This is made possible by Granlundâs work: the concept design, technical design, project management, responsible supervision, construction supervision and MEP monitoring of a process heat recovery solution.
The solution was the winner of the 2023 Energianerokas award.
Business overview
Granlund made a good result in 2023, considering the challenging market situation in the real estate and construction sector. Strong customer relationships and special expertise support good business, even in difficult times. Compared with the previous year, the customer segments remained very similar.
In design, project sizes decreased and renovation came to the fore
Granlundâs design operations had a good year, considering the challenging sector and market situation. In the previous year, we got involved in important projects that created a solid foundation for the order book. The operations remained at a healthy level in many business units, including the Helsinki, Vaasa and Lappeenranta regions. Nonetheless, some operations needed to be adjusted.
The size of design projects decreased during the year, while the percentage of renovation increased. The cautiousness of the market was mainly in evidence in the private sector, project development and housing construction, which makes up a small part of the design net sales at approximately 4%. In the spring, there was considerable uncertainty in terms of launching new projects. However, as the year progressed, the situation became clearer.
Local recruitment continued throughout the year even though the growth was somewhat short of the targets. Finding designers was easier than in previous years, specifically for certain specialist roles. That said, change negotiations were not entirely avoidable.
In the previous year, we got involved in important projects that created a solid foundation for the order book.
MEP design has been the cornerstone and success factor of Granlundâs operations for over 60 years. Even though the general market situation made it harder to stay competitive, the sales successes of the previous year carried over. Retained long-term customer relationships also contributed to the steady workload.
The merging of Granlundâs regional subsidiaries with the parent company was particularly visible in MEP design as the service is used by all business units. Merging the subsidiaries under one company is going to further facilitate cooperation between designers and resource coordination between different regions.
During the year, the electrification of society and the green transition were highlighted, with demand for Granlundâs electrical design increasing. The green transition was promoted, e.g. in the energy efficiency and alteration projects of properties and industrial facilities. In addition to design, the department specialising in energy efficiency projects provided customers with project management services using the EPCM model, for example.
One of the most important acts contributing to the advancement of the MEP sector was sharing the Revit BIM template with other industry operators free of charge. The ready-made template supports the digitalisation of the sector as the initial investment required to draw one up is prohibitively high for many small design firms. Standardised data content improves data flow and makes it possible to adopt several new operating models. For example, the new Building Act, which will enter into force in 2025, will significantly increase the data content and BIM requirements pertaining to projects.
In 2024, the goal is to increase the design services offered to industrial customers all over Finland. Long-term cooperation with operators such as ABB and WÀrtsilÀ creates a good foundation for expertise and operations.
In addition to MEP design, Granlund provides its customers around Finland with architectural design, structural design as well as several special design services:
âą Lighting design
âą Audiovisual and presentation technology design
âą Tele and security design
âą Cleanroom design
âą Fire safety technology design
âą Refrigeration technology design
âą Catering and kitchen design
âą Medical equipment design
âą Electrical supply verification design.
During the year, architectural design expanded from the Mikkeli and Saimaa business units to Kuopio and the structural design cooperation between the Mikkeli and Saimaa units was increased.
Granlundâs special design had a good year, improving its market position. In many cases, special design is provided in projects as part of MEP design. However, the expertise was also provided in independent projects during the year. The good results are based on strong expertise in the fields of special design as well as personal brands. Strong bonds of trust have been formed between customers and Granlundâs top experts.
During the year, refrigeration design merged with Granlundâs energy efficiency project design department, which supports the comprehensive energy design services. During the year, Granlundâs catering and kitchen design team oversaw a successful generational change, with several young experts now continuing the work of the old guard.
The fastest growth rate of the hospital design sector is over as the majority of Finlandâs university hospital and central hospital reforms have now been completed. In the next few years, our designers will be kept busy by the largest project in our companyâs history, Laakso Hospital.
The wellbeing services county reform will change the traditional hospital design customer relationships because, in the future, healthcare facilities will be increasingly built on the basis of the lease project model. Granlundâs customers will then more frequently include real estate investors and construction companies. There are still investments planned, e.g. for Tampere (Tays), Oulu (OYS) and Kuopio (KYS). What is more, the City of Helsinki has selected Granlund to design, e.g. the health and well-being centres in Kamppi and Malmi.
That said, the reduction in major hospital projects was reflected in Granlundâs medical equipment design order book. With hospital construction largely revolving around technically less challenging health and well-being centres and psychiatric hospitals, there was not as much demand for fixed hospital equipment design. The sector had to take small-scale adjustment measures.
The future of hospital design is created through internationalisation. Granlundâs brand recognition is increased, for example, by the companiesâ cooperation team in the IHDA alliance, which exports Finnish hospital expertise abroad. Granlundâs expertise includes especially hospital and cleanroom MEP design.
Over the last year, a lot has happened on the data center market. Global operators received a clear message of the opportunities provided by Finland when Microsoft decided to establish data center campuses in three different localities. Interest was increased further by governmentâs tax decisions that reduce the operating cots of data centers. Demand for data center construction was also increased by the development of AI and other forms of digitalisation, which is showing no signs of slowing down.
The net sales of Granlundâs data center sector continued to grow. The most significant growth occurred in global cloud service providersâ projects (hyperscalers). Data center users, tenants and constructors, such as our framework agreement partner CSC, continued to be important customers. In the future, we will continue to provide agile services for companies of different sizes.
Granlundâs strength is the comprehensive nature of its design and consulting services. New experts were recruited for the data center team, in addition to which both external trusted partners and Granlundâs cleanroom and industrial environment design expertise were put to good use in data center design.
In 2024, the strongest global growth is projected to take place in Sweden. We will also continue our data center projects in Norway, Denmark, Lithuania and Estonia.
Our key design customers
- Senate Properties: framework agreement, multiple sites
- City of Helsinki: framework agreement; the MEP design, energy design and lifecycle design of Laakso Hospital; the HVAC and building automation design of the Kamppi health and well-being centre; presentation technology design for Finlandia Hall
- HUS: framework agreement and Laakso Hospital (jointly with the City of Helsinki)
- Kesko: framework agreement for MEP design and energy efficiency projects
- CSC â IT Center for Science: framework agreement and the LUMI data center
- YIT: projects including New Nokia Oulu Campus, SeinÀjoki station area
- S Group: a regular long-term customer
- Varma Mutual Pension Insurance Company: a regular long-term customer
- ABB: a regular long-term customer
Some of our projects from 2023
Energy and sustainability highlighted in services and consulting
On the whole, the year was good for Granlundâs service business. Early in the year, there was some uncertainty evident on the market but active sales work, solid customer relationships and projects carried out with regular customers helped bridge over the uncertain start to the year.
During the year, growth was accelerated especially by sustainability and energy services but there was also market demand for various property management and maintenance services. With regard to the real estate business, the market situation remained challenging throughout the year, even if the situation improved as we got nearer to winter. That said, our experts working in these services were mainly employed by sustainability projects. In our regional offices, including Kuopio and Vaasa, services were refined to fit the local market. This proved to be a functional and profitable model.
Recruitment continued throughout the year even though personnel growth was somewhat short of the targets.
In regional offices, services were refined to fit the local market.
The property management market saw growth, even though there were fewer real estate transactions taking place in Finland than ever before. At the start of the year, the market situation had a knock-on effect on demand for Granlundâs real estate purchase and sales services but the summer and autumn were busy for the TEDD (Technical and Environmental Due Diligence) services.
Granlund retained its market leader position, with the net sales increasing by 10â15%. Major demand for the energy and sustainability services improved the result of property management. There was a record number of applications for environmental and sustainability certificates, with many customers starting to increasingly take the effect of emissions into account in their investments.
Property management services are provided for the whole country, primarily from Helsinki, Kuopio and Vaasa. In Kuopio, the new energy management and MEP optimisation services already employ 3â4 persons, while a major new Granlund Manager customer was landed in Ostrobothnia in the City of Vaasa. We also have assignments in the Nordic and Baltic countries.
Real estate ownersâ use of business intelligence was developed during the year through various reporting methods. Popular services included maintenance strategies, environmental risk assessments and AI Energy Surveys. There was a high number of competitive tendering for service contracts and the division of liabilities in rental agreements was pondered together with property owners and users. Many operators also wanted to integrate sustainability into other property management practices, such as LTP.
During the year, the strategic goal of the overall service was achieved. Granlund provides its customers with comprehensive property care and maintenance, energy efficiency and sustainability services as well as Granlund Manager support services. The total number of service customers increased, a clear indication that many customers trust Granlund as a strategic partner.
The market situation in the real estate and construction sector tightened competition in the energy sector. It did not have much of an effect on Granlundâs energy business as the sustainable investment criteria were simultaneously highlighted and demand for energy efficiency measures increased. The net sales improved by approximately 20%.
The growth was based on long-term customers as well as an extensive service portfolio. Granlund has three departments that provide energy services:
âą The energy management department provides energy and sustainability management services.
âą The sustainable construction department focuses on the energy and carbon control of projects as well as regional energy solutions.
âą The energy project department is in charge of the design and EPCM implementation of energy efficiency projects.
Many regional business units also boast energy know-how under the name of lifecycle management services.
Some of the most sought-after services of the year included AI Energy Surveys, energy recycling design as well as the goal-oriented control of energy solutions for construction projects. Many property owners were able to successfully identify the energy efficiency potential of their properties and improve it with the help of Granlundâs services. Almost all new office projects were aiming for an A energy class. Property developers invested in low-emission and cost-effective energy solutions and many of them made sure to meet their goals through profitable investments.
The goal of the energy project business is to expand to Sweden in 2024. In addition, the energy business will continue the technological development of digital solutions and investments in internal training and efficient data sharing processes.
The sustainability business market in Finland increased visibly during the year. It was most affected by the EUâs increasing sustainability reporting requirements, such as EU taxonomy and the CSRD directive. The sustainability targets of financiers and other actors have also tightened. The market already reflected the new Building Act entering into force in 2025, which requires construction projects to provide a climate survey.
Granlund has become a major player with regard to sustainability in the real estate and construction sector, and its business operations increased by 25%. Although the majority of sustainability services are produced from Helsinki, many of the regional offices have also increased their sustainability service know-how.
The fastest growing services included the AI Taxonomy Survey and climate risk reports. Customers also demonstrated growing interest in Environmental Product Declarations (EPD), the EDD reports of real estate transactions, environmental classifications, climate commitments and carbon footprint control. There was increased demand for more comprehensive sustainability control for construction projects.
During the year, Granlund provided training in the sustainability sector and participated in a wide range of global cooperation. For instance, Granlund was involved in FIGBCâs operations and drew up typical MEP emission values for the Ministry of the Environment as a basis for legislation. Granlundâs Environmental Responsibility in Construction marker survey was also completed.
In 2024, the real estate and construction sector will move towards more goal-oriented sustainability control. Demand for services is expected to increase, especially as a result of the CSRD directive. Projects will require an increasing level of circular economy, biodiversity and sustainability data know-how. Growth is also expected from industry and regional development projects.
Our key services and consulting customers
With regard to customer relationships, Granlund offers energy, sustainability, real estate and knowledge management consulting and services.
- Senate Properties
- University Properties of Finland Ltd (SYK)
- Citycon
- Varma Mutual Pension Insurance Company
- Sagax Finland
Software – Granlund Manager showing strong growth
The general market situation was reflected positively in the demand for Granlundâs software products and services. Property owners wanted to increase their understanding of the need for property maintenance, maintenance backlog, energy consumption and carbon footprint. In addition to Greater Helsinki, the interest in property data management increased in Granlundâs business units throughout Finland.
In the global software business, Granlundâs subsidiary in the Middle East was run down. The operations will continue through partners. In the future, internationalisation will focus on Scandinavia and the Baltic countries in accordance with Granlundâs strategy. Especially Sweden shows great potential for expanding the operations.
Granlund Manager considerably strengthened its position as the most used property management system in Finland. Record-breaking profits were made in sales and business operations, and the annual recurring revenue (ARR) increased by 27%. The net sales from inter-software integration and reporting solutions also increased by nearly 30%. As a new product package, Granlund provided a data management package including Device data management to support the design stage.
During the year, Granlund fared well in competitive tendering for maintenance systems for the public sector. Many wellbeing services counties also chose Granlund Manager as the data management tool for their properties used for social welfare and healthcare services. A framework agreement was also concluded with Kirkon Keskusrahasto, as a result of which more than 300 parishes in Finland can adopt Granlund Manager subject to a standard agreement. This translates into thousands of properties.
Growth in 2024 is especially expected in terms of using software to manage lifecycle data as operators in the real estate and construction sector are bracing themselves for the new Building Act. Another major opportunity for growth is integrations created for mutual customers together with other software providers.
Key Granlund Manager customers
Granlund Managerâs total customer relationships include, e.g. property data and energy monitoring as well as software integrations.
- Senate Properties
- City of Vantaa
- University Properties of Finland Ltd (SYK)
- Citycon
- Kesko
- HUS
- S Group
- Metropolitan Area Transport Ltd
- City of Espoo
- OP Group
Growth in 2024 is especially expected in terms of using software to manage lifecycle data.
Construction management and supervision showing strong growth
The general interest rate level had an impact on the willingness of international investors to invest and, to some degree, projects of operators doing business in Russia were stopped on the eastern border. Nevertheless, construction never stopped entirely or in all areas. The biggest changes were smaller project sizes and a fragmented market.
The order backlog of Granlundâs construction management remained strong, staying on a growth path. However, price competition intensified throughout the country.
In construction management and supervision, Granlundâs net sales increased by approximately 25%. Public-sector construction, data center projects and industrial projects laid the foundation for profitable operations. Granlundâs strengths turned out to be renovation and a flexible transition from large to smaller projects.
In 2024, the construction management business will be expanded both through M&A transactions and recruiting key personnel in regions where Granlundâs operations are still minor. Areas of interest include PĂ€ijĂ€t-HĂ€me, Pirkanmaa and the Vaasa region. We have already been successful in hiring key personnel in Oulu and Mikkeli.
Growth will be accelerated by the construction management businessâ own business strategy. Promising directions of growth include industry, property development projects as well as integrated projects where Granlund is responsible for construction management and supervision as well as design. The measures taken to improve the profitability of operations includes the Groupâs internal support measures, construction management software and existing data content management.
The biggest changes were smaller project sizes and a fragmented market.
Granlundâs quantity surveying and cost calculation achieved moderate growth of nearly 10%. This was partly down to the diversity of services: the department provides cost calculations for construction technology, electrical engineering and HVAC projects. In addition to the quantity surveying provided for contractor customers, the services aimed at developers were also increased during the year.
We also provide a 4D scheduling design service for the real estate and construction sector. Market uncertainty has made things hard in terms of the way the service has been received overall, although there are several independent success stories. For example, 4D design was adopted for design scheduling and control in the biggest hospital project in Finland, Laakso Hospital. During the year, we invested in the development and marketing of the service, and the outlook for this year is positive.
In 2024, the construction management services are going be developed further using new digital tools to automate the quantity surveying and cost calculation processes already at the start of the project. The HVAC calculation register used for HVAC project quantity surveying will also receive new software integrations.
Compared to new construction, the market share of renovation has steadily increased in Finland, the same trend applies to Granlund.
Although rising interest rates made investors more cautious and labour and material prices fluctuated, project interruptions were rare. Granlundâs renovation order book remained at a healthy level throughout the country. The strongest sector was office premises and commercial properties. The net sales increased by approximately 10% and the gross margin improved year-on-year. In addition to Greater Helsinki, strong growth was also evident at Granlundâs northernmost business unit in Rovaniemi, for example.
The increase in net sales was based on long-term regular customer relationship, e.g. with Varma, the City of Helsinki, S-Bank, Sponda and Senate Properties. Years of cooperation carried us on through a difficult market situation and projects well managed prompted further orders. Amongst other things, our customers received added value through quality work, a wide range of services and extensive resources, which enabled us to perform alterations within a tight timeframe, for example.
Granlundâs service chain philosophy also contributed to the growth. The entire companyâs know-how is put to good use in renovation turnkey deliveries. We have our sights firmly set on further growth in the next few years, supported by an even clearer six-renovation-sector service chain:
âą Condition surveyes and reports
âą Physical building condition surveys
âą Technical building condition surveys
âą Renovation design
âą Construction management and technical construction supervision
âą MEP supervision.
Investorsâ cautious approach resulted in increased demand for Granlundâs condition mapping and condition survey services. There was a tendency to inspect sites more closely than before prior to the design and construction stage. Condition surveys acted as an efficient loss-leader, and the same project often included other orders, e.g. for physical building condition surveys, technical building condition surveys, design services and construction management services.
During the year, the condition survey services acquired a significant piece of equipment. The new X-ray fluorescence-based XRF analyser is able to more efficiently detect heavy metals in asbestos and chemical pollutant analyses, resulting in cost savings. The same device can take hundreds of samples per day and analyse them on the spot without needing separate lab analysis.
Part of a positive year was taking part in the GenerIoT development project. The goal is to create new services and business for the continuous monitoring of wind farms, other infrastructures as well as technologies used in indoor environments. The project has already involved collaboration with other industry operators, selecting pilot sites and developing IoT research for long-term measurements, for example.
Key construction management and supervision customers
- Senate Properties: framework agreements for construction management and supervision, multiple projects all over Finland
- City of Helsinki: framework agreement on construction management and supervision: schools, day-care centres, agencies
- S-Bank: construction management and supervision of properties managed by investment funds in Finland
- Flamingo Spa: alteration and refurbishment construction management and supervision
- EtelÀ-Savon kampuskiinteistöt municipal consortium
- Varma Mutual Pension Insurance Company
- Cities/public construction projects: Tuusula, Vaasa, Kuopio, Savonlinna, Kurikka, Parainen, Kuopio, etc.
- University Properties of Finland Ltd (SYK)
A good year for property management
In Granlundâs property management business, the market situation and rising prices were mainly reflected in the general mood of housing companies and a busy customer service department. The sector continued to be affected by the trend of major operators expanding by buying smaller competitors, which had a knock-on effect on customer retention. Regardless, Granlund was able to retain its long-term customer relationships. Some of the agreements have been in effect since the 1970s.
In the autumn of 2022, Granlundâs property management services conducted change negotiations, and the year kicked off with facility changes. The premises in central Helsinki were relinquished, with the services concentrated on Pohjois-Haaga and ItĂ€keskus. The number of employees decreased when customer service was reorganised and the accounting services provided for housing companies were outsourced. The measures were effective, enabling approximately 9% growth.
As part of a nationwide project, the ownership registrations of the more than 200 customers of Granlund IsÀnnöinti were transferred to the electronic apartment data system (HuoneistotietojÀrjestelmÀ) of the National Land Survey of Finland. The technical property management services were expanded to include project management tasks for housing companies. Our strong MEP expertise also enabled us to increase our product range and we assist housing companies with managing their increased statutory obligations, such as drawing up energy certificates or providing them with fire safety services.
During the year, we signed the first sales contract for technical property management services with a competitor. The cooperation acts as a pilot. The aim is to provide technical expertise for SMBs operating in the sector who do not possess the expertise themselves. During the year, we also landed our first more comprehensive property company customer relationship that will focus on technical maintenance. Late in the year, we drew up a new growth strategy for our operations. The measures will be launched at the start of 2024.
We measure customer satisfaction on a regular basis
Smooth and seamless cooperation with our customers and stakeholders is of the utmost importance to the assessment of the development of our operations. Granlund measures and monitors customer satisfaction on a regular basis so as to be able to quickly respond to any development needs.
To measure customer satisfaction, we use both more comprehensive long-term surveys and quick pulse surveys. We conduct an extensive customer relationship survey every two years and measure customer satisfaction with projects and services on an ongoing basis.
As an expert company, Granlundâs operations hinge on its employeesâ expertise and job satisfaction. Happy employees also create a solid foundation for excellent customer satisfaction, which is why we are continuously investing in internal communications, job satisfaction and community spirit.
Customer relationship survey
A broader customer relationship survey conducted in autumn 2022 provided Granlund with vital feedback on development needs and reinforced our understanding of our strengths. The Groupâs NPS was 44 and its CSI (Customer Satisfaction Index) score measuring long-term customer satisfaction was 73. CSI comprehensively and accurately reflects the percentage of perfectly satisfied customers of all respondents.
Once again, our employeesâ expertise and the accessibility of our contact persons received top marks. Our customer-orientation and the ease of ordering our services were also highly rated. Our ability to respond to urgent assignments also improved in comparison with the previous survey.
Specific targets for development included communication activity during projects as well as our expertsâ ability to provide customers with new solutions. We invested in these areas during 2023.
Generally, customers consider Granlund reliable (4.25/5), cooperative (4.23/5) and high quality (4.02/5).
Customers consider Granlund reliable, cooperative and high quality.
Customer satisfaction trend
Granlundâs operations are largely project-based. Therefore, it is also important to measure customer satisfaction on an ongoing basis. All of our business units and business areas ask for customer feedback upon the completion of a project or projects. The feedback provides us with key information on project implementation and development targets.
In 2023, the project feedback NPS figure was 68 (in 2022, it was 60). 70% of the feedback was positive and 2% of the feedback was negative. We received high marks specifically for seamless cooperation and the expertise of our experts, which have both improved year after year.
All of our business units ask for customer feedback upon the completion of a project or projects.
We invest in the well-being and development of our employees
Granlundâs strategic HR management goal is to be the best possible workplace for current and future Granlund employees.
Creating an attractive and open workplace that is safe for everyone takes, e.g. excellent management and an investment in the development of employees.
In 2023, one of the most important objectives of HR management was to ensure the employment of current employees. The number of employees increased moderately. At the moment, Granlund employs more than 1,400 experts.
The number of employees increased moderately to over 1,400.
Gender distribution
The gender options in Granlundâs HR system are woman, man, other and I donât want to say. The figures are reported once at least five people have selected an option.
At the end of 2023, Granlund personnel included 77.5% men and 22.5% women.
Pay equality is monitored
Granlund monitors pay equality between women and men in accordance with the personnel classification categories of the Finnish Association of Consulting Firms SKOL.
According to the latest report, the income levels between genders are very even.
The income levels between genders are very even.
Employee satisfaction is at an excellent level
The satisfaction and well-being of Granlundâs employees is measured on a monthly basis with the Fiilispulssi survey.
Although we were forced to conduct some local change negotiations during the year, the eNPS measuring the overall satisfaction of employees was on average 50, an excellent level (49 in 2022). The employees were happiest with the nice work atmosphere, which has been Granlundâs strength for years.
The well-being at work theme of the year was overall life management. Employees were reminded of the importance of work-life balance with various campaigns, such as the Lukuhaaste reading challenge. The issue was highlighted with, e.g. the Lapsi töihin (bring your child to work) day and the popular Perhevapaalla (on family leave) series on social media.
Of Granlund employees, 116 fathers and 28 mothers took family leave during the year.
Change coaching and communications to support the merger
One of the biggest changes taking place during the year was the Groupâs 12 regional subsidiaries merging with the parent company Granlund Oy. The measures taken to support the merger included change coaching, regular change communications as well as measuring the employeesâ views on the progress. Operating as one company will facilitate Granlundâs internationalisation efforts as well as the cooperation of experts throughout Finland.
Due to the focus on the organisational change, the personnel survey conducted every two years was moved from autumn 2023 to summer 2024.
Individual career paths and mentoring pairs
In 2023, we piloted Granlundâs career path model, which will be integrated into all target reviews and performance reviews in 2024. The goal is to support employeesâ career development in a way that is meaningful for everyone.
Individual development opportunities are supported, e.g. through Granlund Academy training and the mentoring programme, which in 2023 involved ten or so mentoring pairs from different parts of Finland.
Mentoring helped me grow as a person and a professional
Tiia-Lotta Tuominen, low-carbon expert, Granlund
Mentoring increases self-awareness and introduces new insights
Granlundâs trainees give their employer a good rating:
- Applicant experience 4.54
- Meaningful of work tasks 4.30
- Onboarding and guidance 4.49
- Fairness and equality 4.62
- Written employment contract 4.88
- Overall satisfaction 4.69
(n = 52, scale 1â5)
Source: Vastuullinen kesÀduunitutkimus 2023, Oikotie (in Finnish)
The number of traineeship applications increased by more than 1,000
Granlund was ranked 10th in Oikotieâs Vastuullinen kesĂ€duuni (sustainable summer job) survey in the over 1,000 employees category. We received a record number of traineeship applications (2,488) or more than 1,000 applications more than the year before (1,467).
The best thing about my summer job was a great work atmosphere and a sense of community.
The success is based on years of developing the employer image as well as close cooperation with students and educational institutions. For instance, Granlund has appointed a local contact person for educational institutions in different regions. Another important factor has been visibility on social media, which has raised Granlundâs profile nationwide. The development of recruitment practices was also reflected in the results.
Working group to promote diversity and inclusion work
Granlundâs Diversity and Inclusion work started in late 2022 with a survey aimed at the entire personnel. In 2023, the diversity work focused on the development areas highlighted in the survey: development of language practices, improving womenâs chances of influencing things as well as promoting diversity and inclusion in the daily work.
To steer the Diversity and Inclusion work, a working group was assembled that convened seven times. Practical measures included increasing English communications and guidance as well as awareness of diversity. The employeesâ own International Granlund employees group sparred with, e.g. the companyâs HR and communications experts to develop practices.
In 2023, the diversity work focused on the development of language practices, improving womenâs chances of influencing things as well as promoting diversity and inclusion in the daily work.
A network of experts promotes diversity
Granlundâs international employees are a valuable resource in developing the diversity of the work community and expanding expertise.
Four Granlund employees who relocated to Finland talk about their involvement in diversity work.
Apart from language issues, we can also influence the inclusion of women, for example.
Priyanka Thapa
The âItâs not okay!â campaign promotes non-discrimination at the workplace
Granlund is committed to non-discrimination and the equal treatment of all people, which is why the practices to tackle inappropriate behaviour were clarified during the year. The operating model was demonstrated through the âItâs not okay!â campaign and the company appointed a dedicated anti-harassment contact person. The non-discrimination online course is now part of all new employeesâ training path.
And please explore Granlundâs sustainability programme, which discusses personnel responsibility under the theme of well-being for people.
Ongoing investments in innovation
Granlund has a long history of innovation and development activities. Continuous development and responding to social change have been part of the companyâs operating culture from the start.
The focus in innovations is on internal development work and cooperation with customers, partner companies and research institutes in national and international projects.
Granlund invests 6â10% of its net sales in innovation and development activities annually. In 2023, we invested EUR 8.3 million or approximately 6% of net sales in innovations. The amount increased from the previous year (EUR 7.2 million).
Developing MEP together
The most significant event of the year was the launch of the MEP 2030 project. Granlund also became a member of KIRAHub (in Finnish), creating new networking opportunities and keeping Granlund at the forefront of the digital development of the sector. Granlund is also still involved in the Building2030 consortium.
When it comes to internal development work, several joint projects were implemented with different business units. During the year, we saw the completion of the Survey on the digital maturity of the real estate and construction industry as well as 25 theses. These topics highlighted Granlundâs comprehensive expertise in the various areas of MEP, property management, energy design and sustainability.
On average, theses were completed every two weeks in different parts of Finland.
MEP 2030 consortium
Granlund was involved in establishing MEP 2030, the first consortium of MEP operators, which started its operations at the start of 2023. In the future, Aalto University, Tampere University and 14 entrepreneur partners will develop the sector in accordance with a mutual vision.
At the core of the operations are quick experiments, made possible by the close interaction between researchers, designers and other experts in the field. Granlund participates in the consortiumâs operations both in development projects and the group of business CEOs.
During the year, there were some major development steps taken in the utilisation of generative AI. Granlund piloted its internal AI tool, into which experts can securely export documents. AI development will continue to involve both great opportunities and great challenges. One of the issues to solve is which kind of applications can be reliably used in business operations.
Three new Business Finland projects
In terms of innovation projects, 2023 was an excellent year. In addition to the previous four projects, we launched three new projects financed by Business Finland. The development projects focused on Granlundâs strategic growth areas: energy, sustainability, data and digitalisation. We will continue to promote the same themes in 2024.
Development of sustainable solutions expands from real estate to city blocks
In the Business Finland development projects launched in 2023, emission reduction is considered at the level of entire city blocks. Already, it is evident that the projects will introduce new perspectives to familiar themes, resulting in the development of the services offered by Granlund as well as the whole real estate and construction sector, writes Heikki Ihasalo, Innovation Director, Granlund.
Granlund is involved in seven development projects
People Flow
(Untangling People Flow for Smart and Sustainable Urban Environments, 2023â2026)
Funded by Business Finland, the People Flow projects seeks ways to facilitate peopleâs movement and transport in urban environments. Granlund focuses on the development of digital services, such as AI applications and software integrations, to control factors such as energy consumption according to the number of users of the premises. The Kumpula campus and Helsinki Airport are used as development platforms.
NSDC
(Nordic Superblocks as Decarbonization Catalysts, 2023â2025)
The NSDC project, funded by Business Finland, develops carbon-neutral urban planning. The goal is to create a concept where AI applications promote energy efficiency, carbon neutrality and the usersâ well-being. Residents are invited to get involved using extended reality (XR) methods. Granlund is in charge of the sub-project for sustainable property management, focused on developing regional lifecycle management.
Energy-Carbon KOM
(Development of energy-carbon coordinated key operation management technology of district energy system based on mechanism-data fused modeling, 2023â2026)
Funded by Business Finland, the Energy-Carbon KOM project focuses on small data instead of big data. The goal is to create a concept and new applications for determining local energy needs in the early stages of a project, even with inadequate initial information. Granlundâs contributions to the project include expertise in designing low-carbon energy systems.
GenerIoT â ITEA
(Generating and Deploying Lightweight, Secure and Zero-overhead Software for Multipurpose IoT Devices, 2023â2025)
The project develops ways to measure the technical condition of geographically diverse infrastructures, such as wind farms, using IoT equipment. Our Finnish research partner is Tampere University.
DHC-Hybrid
(Research and demonstration of key technologies of DHC hybrid system based on renewable energy heat pump, 2021â2024):
The joint project between Finland and China develops hybrid energy solutions utilising renewable energy sources. Our Finnish research partner is Aalto University, which carries out research at a doctoral thesis level into solutions based on energy recycling in particular.
E3
(Excellence in Pandemic Response and Enterprise Solutions, 2021â2024)
The project aimed at developing pandemic-safe solutions for the urban environment in collaboration with several research institutes. E3 is Granlundâs biggest development project and one of Business Finlandâs biggest development projects. Our role is to coordinate the development of healthcare solutions for the âSmart Modular Healthcareâ use case.
IML4E
(Industrial Machine Learning for Enterprises, 2021â2024):
The project develops a process to utilise AI jointly with an international consortium. The project also develops AI-based use cases and services, supporting our strategic âData flowâ development area. Our research partners include the University of Helsinki in Finland and the Fraunhofer Institute in Germany.
Take a look at Granlundâs previous annual reports
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