Lemminkäinen to refurbish a commercial property in Turku

Press release 28.8.2009

Lemminkäinen Group’s Palmberg TKU Oy is to refurbish a commercial property (Kiinteistö Oy Julininkulma) in Turku. The property is the home of Scandic Hotel Julia, which will offer its guests greater comfort and modernity when it open its doors after the refurbishment and extension work. The enlarged hotel will have 155 rooms as well as conference facilities and a restaurant.

Kiinteistö Oy Julininkulma, a 6-storey commercial building, was constructed in Turku in 1985. It is owned by Ilmarinen Mutual Pension Insurance Company.

The modernisation and refurbishment work will begin in December 2009 and will be completed in early spring 2011. The floor area to be refurbished is roughly 7,000 square metres. The contract is worth approx. EUR 9 million.

Corporate Communications

Additional information:
Construction Manager Petri Reunanen, Palmberg TKU Oy
Tel. +358 2071 58804 or +358 40 774 8804

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