LEMMINKÄINEN CORPORATION PRESS RELEASE 12 DECEMBER 2012 AT 9.30 A.M.
LEMMINKÄINEN WINS A CONTRACT TO BUILD A RESIDENTIAL BUILDING IN TAMPERE
Lemminkäinen has secured a contract for the construction of a residential building in the Niemenranta area in Tampere. The building will be built under a contractual arrangement known as 'a French contract', whereby the commissioner of the project determines the price level with suppliers competing on the basis of quality. The house, a six-storey low-energy building named VTS-Aurinkokurki, has been commissioned by Tampereen Vuokratalosäätiö, a development foundation for tenant housing. Already underway, construction is scheduled for completion at the end of 2013. The total value of the contract is about EUR 7 million.
VTS-Aurinkokurki will have 65 apartments, with a combined floor space of 3,389.5 m2. The project will benefit from an interest subsidy, enabling a lower rent level compared with non-subsidised tenant housing.
Timo Ristamäki, Procuction Manager
Building Construction business segment, Tampere
Tel. +358 2071 57932
Media in the Pirkanmaa region
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