LEMMINKÄINEN CORPORATION PRESS RELEASE 17 AUGUST 2011 AT 10:00 a.m.
LEMMINKÄINEN'S APARTMENT BLOCK A FAVOURITE AT THE KOKKOLA HOUSING FAIR
Albatrossi, the energy-efficient apartment block constructed by Lemminkäinen, was one of the most popular attractions at the Kokkola Housing Fair. More than half of the visitors to the fair, some 65,000 people, visited the building during the four-week event. The fair, which ended on 14 August, attracted some 128,000 visitors in all.
The five-storey energy-efficient Albatrossi is located in the centre of the fair area, by the sea. Most of its 52 apartments have a sea view thanks to the house being terraced. The building, designed by the architectural agency Arkkitehtuuritoimisto Juha Paldanius Oy, emphasises high quality, functionality, comfort and the safety of apartments, while accommodating the needs of people of different ages. Living in Albatrossi is highly affordable, due to efficient after-heating of incoming air.
New ideas for urban living, created in cooperation with designers Paola Suhonen and Sikke Sumari, added to the attractiveness of Lemminkäinen's apartment block. Inspired by recycling and nature, Paola Suhonen's interior design solutions for the showcase apartment, and Sikke Sumari's herb garden design for the balcony, were praised by visitors.
Interest in Albatrossi apartments was reflected in sales: at the end of the fair, 51 apartments out of 52 were sold. Only 17 of the 131 residential units in the fair area were unsold.
Lemminkäinen is one of Finland's major housing constructors. Last year, the company began to build more than 2,000 new apartments. Almost one thousand residential units developed by Lemminkäinen were sold. Lemminkäinen is also actively developing housing in St. Petersburg, Russia and Sweden.
Hannele Laine, Vice President, Residential Construction
Lemminkäinen Talo Oy
Tel. +358 40 749 4966
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 about 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 Nordic Exchange Helsinki.