LEMMINKÄINEN CORPORATION PRESS RELEASE 2 NOVEMBER 2012 AT 10.00 A.M
CONSORTIUM BETWEEN LEMMINKÄINEN AND SKANSKA SIGNS A PRELIMINARY CONTRACT ON THE CONSTRUCTION OF A NEW LOGISTICS CENTRE FOR S GROUP
Freeway, a consortium between Lemminkäinen and Skanska, has signed a preliminary contract with S-ryhmän logistiikkakeskukset Oy (S Group’s logistics centres) for the construction of a new national logistics centre for daily consumer goods in Sipoo to be implemented under a project management contract. Lemminkäinen and Skanska take part in the consortium with even shares.
The logistics centre will have a gross surface area of around 193,000 square metres and a capacity of around 3,400,000 cubic metres. Because of its large scale, the project will be carried out in five overlapping phases. The recently signed preliminary contract covers the implementation of the entire project, but actual construction contracts will be made separately for each phase of the implementation. The construction contract for the first phase is scheduled to be signed in early 2013.
BREEAM (BRE Environment Assessment Method) certification will be applied for the new logistics centre, to be built in northern Sipoo’s Bastukärr. The work is planned to begin in summer 2013, with completion of the contract scheduled for autumn 2018.
In 2010–2012, Lemminkäinen implemented a consumer goods logistics centre for the S Group on the adjacent plot via a project management contract. S Group is one of the oldest groups of cooperative enterprises.
“We are very delighted by this opportunity to continue our good co-operation with S Group. The construction of the consumer goods logistics centre is testimony to our competence,” says Jukka Terhonen, Executive Vice President, Building Construction, Lemminkäinen. “As we also have plenty of experience of co operation with Skanska, forming a consortium for the project with them is easy,” he stresses.
“It is good to have our old partners S Group and Lemminkäinen with us in such a demanding project as this. Preparatory work is already well under way,” says Jarkko Muurimäki, an Executive Vice President of Skanska.
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Lemminkäinen Group operates in all areas of the construction sector. The Group's operations are organised into four business segments: building construction, infrastructure construction, technical building services and international operations. Net sales in 2011 were about EUR 2.2 billion, of which international operations accounted for roughly a third. The Group employs 8,000 people on average. Lemminkäinen Corporation's share is quoted on NASDAQ OMX Nordic Exchange Helsinki. www.lemminkainen.com
Skanska’s operations in Finland cover construction services, residential and commercial project development, and public–private partnerships. The construction services include building construction, building services, and civil and environmental construction. In Estonia, Skanska’s activities comprise construction services and residential development. The combined sales of Skanska’s Finnish and Estonian operations in 2011 came to more than €1 billion, and the company employed about 3,360 people. www.skanska.fi