This article discusses the transformation of the Cable Factory in Helsinki into a vibrant cultural centre through the innovative approach of KAAPELI, a real-estate company owned by the City of Helsinki.
The renovation of the old cable factory building was carefully executed, with a focus on listening to tenants’ wishes and providing them with complete artistic freedom. This approach fostered a sense of community among the tenants, who shared intellectual ownership of the factory.
Key to the sustainability of the Cable Factory is the unique organisational model implemented by KAAPELI. By giving ownership of the building to the company, the City of Helsinki ensured its permanent cultural use and financial independence. The model’s success led to the expansion of KAAPELI’s portfolio to include other industrial buildings, providing affordable creative spaces in the city.
The article highlights the essential features that make the Cable Factory’s model transferable, including the integration of cultural policy through real estate, the agility of city-owned companies, and the importance of sufficient rental income for covering renovation and operational costs. The City of Helsinki’s strategic decision to support KAAPELI’s activities through ownership and financial independence has not only revitalised historical premises but also contributed to the city’s cultural landscape and economic growth.
