LEMMINKÄINEN CORPORATION STOCK EXCHANGE BULLETIN 5.1.2009 at 10:30
REAL ESTATE DEALS WORTH EUR 200 MILLION FOR LEMMINKÄINEN
At the turn of the year, building construction subsidiaries of Lemminkäinen
Group have sold 21 real estate properties worth approximately EUR 200 million
to Finnish real estate investors. The sold properties include completed and
unfinished shopping centres and commercial and office buildings in different
parts of Finland. Just under a half of the deals concern properties still under
construction. These will be completed during the years 2009 and 2010.
“Interest of foreign investors in Finnish real estate properties has declined
due to the international economic and financial crisis. These new deals prove
that traditional domestic institutions and private investors continue to invest
in good real estate properties,” says the Managing Director of Lemminkäinen
Talo Oy, Juha Nurmi.
The transactions will not affect the assessment of Lemminkäinen's future
outlook as outlined in the interim financial review released on 6 November
Managing Director Juha Nurmi, Lemminkäinen Talo Oy, tel. +358 2071 53269 or
+358 400 402745
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
2007 were approx. EUR 2.2 billion, of which international operations accounted
for over a quarter. The Group employs about 9,200 people. Lemminkäinen
Corporation's share is quoted on NASDAQ OMX Helsinki Ltd.
NASDAQ OMX Helsinki