LEMMINKÄINEN CORPORATION PRESS RELEASE 31.12.2010
LEMMINKÄINEN TO BUILD RENTAL HOUSING UNITS FOR LAKEA OY
Lemminkäinen has signed a contract for the construction of 43 rental housing units for Lakea Oy (formerly YH-Rakennuttaja Oy) in the Pikiruukki area of Kokkola. The parties have agreed not to disclose the contract value.
The contract covers the conversion of a former garrison building into apartments. Lemminkäinen Talo Oy Forsström will carry out the conversion work. The ground floor of the building will also house a day-care centre run by the city of Kokkola, as well as other service premises.
The project is a continuation of long-term cooperation over rental housing construction, between Lemminkäinen and Lakea Oy. Other rental housing construction recently carried out for Lakea Oy includes 32 rental housing units on the Pikiruukki site, to be completed in January 2011. Prior to this, Lemminkäinen built 38 apartments for Lakea Oy adjacent to the Shopping Centre Chydenia in Kokkola. This construction work was completed in the beginning of 2010.
"Rental housing is in high demand in Kokkola and this project complements the supply of high-quality rental apartments in the city," says Karl-Johan Forsström, Managing Director of Lemminkäinen Talo Oy Forsström.
Managing Director Karl-Johan Forsström
Lemminkäinen Talo Oy Forsström
Tel. +358 2071 58713
Managing Director Keijo Ullakko
Tel. +358 40 5497250
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. As of 1 January 2011, the operations of Building Products will be transferred to the Infrastructure Construction business sector. Net sales in 2009 were approx. EUR 2.0 billion, of which international operations accounted for over a quarter. The Group employs about 8,600 people. Lemminkäinen Corporation's share is quoted on NASDAQ OMX Helsinki Ltd. www.lemminkainen.com