LEMMINKÄINEN CORPORATION PRESS RELEASE 22 SEPTEMBER 2011 at 1.00 PM
LEMMINKÄINEN SELLS A NURSING-HOME PROPERTY TO BE CONSTRUCTED IN KAJAANI
Lemminkäinen has sold a nursing-home property, which will be constructed in Kajaani, to EPI Healthcare I Ky. The purchaser is a real estate equity fund, managed by Evli Property Investments Oy, that invests in Finnish caretaking and health care-sector properties. The parties have agreed not to disclose the transaction price.
The total floor space of the real estate, erected on a dedicated plot, amounts to 3,000 m². The building will be partially adopted into use in the spring of 2012, and will be completed in autumn 2012.
Matti Pätynen, Regional Director
Lemminkäinen Talo Oy, Kuopio
Tel. +358 40 7391 709
Jussi Rouhento, Investment Manager
Evli Property Investments Oy
Tel. +358 40 512 9577
NASDAQ OMX Helsinki Ltd
Lemminkäinen Group operates in all areas of the construction sector. The Group’s business sectors are Building Construction, Infrastructure Construction and Technical Building Services. Net sales in 2010 were around EUR 2.0 billion, of which international operations accounted for roughly a quarter. The Group employs an average of 8,000 people. Lemminkäinen Corporation’s share is quoted on NASDAQ OMX Helsinki Ltd.