LEMMINKÄINEN CORPORATION INVESTOR NEWS 20 SEPTEMBER 2012 AT 10.00 A.M
LEMMINKÄINEN TO BUILD BUSINESS AND OFFICE PREMISES IN LAPPEENRANTA
Lemminkäinen will be using the project management model to build business and office premises in downtown Lappeenranta. The new building at Kirkkokatu 9 marks the first step in the construction of Lappeenranta's City Block. The client is Etelä-Karjalan Osuuspankki, a bank. The main users of the premises will be Etelä-Karjalan Osuuspankki and Pohjola. Both parties have agreed not to publish the cost of the project.
Work is scheduled to start in early 2013 and will last about two years. The city plan still has to be approved before construction can begin.
The half burnt-out building currently occupying the site will be demolished and replaced with a new property. According to preliminary plans, the new business premises will cover 5,200 m2.
Kirkkokatu 9 is a very important project for Lemminkäinen's operations in the Lappeenranta area. City Block is the next step in Lemminkäinen's city-centre construction operations. Lemminkäinen has previously built several premises in downtown Lappeenranta, including Kulmatalo, which won the title of best building in Lappeenranta in 2010; and a residential building, Lappeenrannan Rutinkulma on Valtakatu, which was completed in 2011. The so-called Autotalo block is currently under construction.
Seppo Tokkola, Regional Director
Building Construction, Lappeenranta
Tel. +358 (0)2071 54333
NASDAQ OMX Helsinki
Lemminkäinen Group operates in all areas of the construction sector. The Group's business segments are building construction, infrastructure construction, technical building services and international operations. Net sales in 2011 were about EUR 2.3 billion, of which international operations accounted for roughly one third. The Group employs an average of 8,400 people. Lemminkäinen Corporation's share is quoted on NASDAQ OMX Nordic Exchange Helsinki. www.lemminkainen.com