LEMMINKÄINEN CORPORATION PRESS RELEASE, 01 JULY 2011 AT 11.30 AM
LEMMINKÄINEN TO START SEVERAL RESIDENTIAL CONSTRUCTION PROJECTS IN THE HELSINKI REGION
Lemminkäinen will begin the construction of approximately 300 residential units during the summer and autumn of 2011 in the Helsinki region. The total value of the new contracts is approximately EUR 64 million.
Lemminkäinen is one of Finland’s largest and most versatile residential construction companies. The company estimates that it will start the construction of 1,200 units in its own housing development in 2011.
Lemminkäinen has agreed with S-Asunnot Oy on construction of the Merikartano senior citizens’ right‑of‑occupancy building in Jätkäsaari, Helsinki. This 75-unit building will be completed in October 2012.
Also, Lemminkäinen has agreed on the renovation of the Kiinteistö Oy Helsingin Eteläranta 8 property with Ilmarinen Mutual Pension Insurance Company. The project will be completed in August 2011.
Lemminkäinen will build a 43-unit residential building for Asunto Oy Helsingin Santos. This project is due for completion in June 2012.
Lemminkäinen has agreed with Suomen Vuokrakodit Oy on a residential construction project for Asunto Oy Vantaan Piparminttu, in Vantaa. The 36-unit project will be completed in November 2012.
In Vantaa’s Leinelä, Lemminkäinen will build a 34-unit residential building for Asunto Oy Vantaan Menninkäinen. The project is scheduled to be completed in June 2012.
Other parts of the Helsinki region
In Lohja, Lemminkäinen will build a 72-unit residential building for Asunto Oy Lohjan Laituri. The project is due for completion in June 2013.
In Espoo, the company will build a 26-unit residential building for Asunto Oy Espoon Mesimarja. The project is scheduled for completion in June 2012.
Finally, in Hyvinkää, Lemminkäinen will build a 22-unit residential building for Asunto Oy Hyvinkään Kankurinpiha. The project is due for completion in August 2012.
CONTACT FOR ADDITIONAL INFORMATION ON NEW CONSTRUCTION PROJECTS:
Arto Jokinen, Director
Lemminkäinen Talo Oy
Tel. +358 (0)20 715 6167
CONTACT FOR ADDITIONAL INFORMATION ON RENOVATION PROJECTS:
Kalevi Stenman, Director
Lemminkäinen Talo Oy
Tel. +358 (0)20 715 3264
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 about 8,300 people. Lemminkäinen Corporation’s shares are quoted on NASDAQ OMX Helsinki Ltd. www.lemminkainen.fi