LEMMINKÄINEN CORPORATION PRESS RELEASE 25.9.2009, 12.00
LEMMINKÄINEN TO CONSTRUCT HOUSING FOR VVO
Lemminkäinen Group's Palmberg-Urakoitsijat Oy is to build a total of 267 units
for VVO in Vantaa, Kerava and Hämeenlinna. Altogether the contracts are worth
approx. EUR 25 million.
In Vantaa a total of 153 units in five separate buildings will be constructed
at VVO Pyhtäänkorventie 21.
In Kerava one building consisting of 28 units and 13 group homes will be
constructed at VVO Porvoonkatu 12.
In Hameenlinna, 86 units, some of which are intended for physically handicapped
persons, seniors and the use of the Finnish Association of People with Physical
Disabilities, will be constructed at VVO Rakuunankatu 3.
The emphasis in housing production has been shifting towards the construction
of rental housing this year. By the end of the second quarter Lemminkäinen had
made new starts on 420 rental housing units. The Group has also made starts on
153 units in its own housing developments during 2009.
Tel. +358 2071 58012
NASDAQ OMX Helsinki
Lemminkäinen Group operates in all areas of the construction sector. The
Group's business sectors are building construction, infrastructure
construction, technical building services, and building products. Net sales in
2008 were approx. EUR 2.5 billion, of which international operations accounted
for over a quarter. The Group employs about 9,800 people. Lemminkäinen
Corporation's share is quoted on NASDAQ OMX Helsinki Ltd. www.lemminkainen.com