Helmi Villas

Helmi Villas

Municipality owned real estate on the water front of Lake Iijärvi has been fully zoned for the construction of tourism related accommodation and services. Preliminary studies and concept work has been undertaken to present and opportunity for real estate investors, developers and an assistance to identify local operators can be provided by the team at Invest in Kainuu. The municipality is keen to engage with any party to explore how the municipality can add value.

The site is located a few kilometers outside of the Ristijärvi village and in a prominent location 500 meters from the main road to Northern Finland (Lapland). The municipality boasts its own small downhill ski slope and a vast network of cross-country ski tracks.

Material available includes a basic concept description, some approximate financial modelling and this highlights the potential construction of holiday villas, residential accommodation (subject to additional permissions) and service buildings. The stunning lakeside location has been operated as a small cottage and camping operation for many years with existing infrastructure for utilities. The location is well placed to be served by Kajaani airport (30 minutes) and almost equidistant from the tourism resorts of Vuokatti, Paljakka and Ukkohalla. The regional capital Kajaani (30 minutes) provides all the major services, such as regional hospital, mainline railway station, bus station and leisure services.

The concept described in the available information is one of a number of potential opportunities on this site but is not prescriptive and the municipality is seeking to hear of any viable proposals to develop this site.

Total investment value

1-4 MEU


Carl Wideman

Invest in Kainuu (ENG)
+358 44 551 4621

Karoliina Oikarinen

Invest in Kainuu (FIN)
+358 44 551 4611


Oiva Jansson

The Municipality of Ristijärvi
+358 44 715 9311