LEMMINKÄINEN CORPORATION PRESS RELEASE 10 JUNE AT 9 A.M.
LEMMINKÄINEN AND SKANSKA START CONSTRUCTION ON S GROUP’S NEW LOGISTICS CENTRE IN SIPOO
The consortium formed by Lemminkäinen and Skanska, Freeway, is starting the construction of the S Group's new logistics centre for daily consumer goods in Bastukärr, Sipoo in southern Finland. The construction project's procurement process has progressed over the course of the spring, and the first construction works will be initiated this summer.
The parties have agreed on the first purchases and the initiation of construction. The actual construction contracts will be made separately for each phase of the project. The project is being carried out in five overlapping phases. Lemminkäinen and Skanska have equal shares in the consortium.
The logistics centre will have a gross surface area of around 189,000 square metres and a capacity of around 3,400,000 cubic metres. The logistics centre features energy-efficient engineering and will apply for BREEAM certification. The new logistics centre will be fully inaugurated in 2018.
In November 2012, Freeway, the consortium between Lemminkäinen and Skanska, signed a preliminary contract with S-ryhmän logistiikkakeskukset Oy (S Group's logistics centres) for the construction of a new logistics centre to be implemented under a project management contract.
Senior Vice President Pauli Mäkelä,
Building Construction business segment, Helsinki Metropolitan Area
Tel. +358 2071 53426
Skanska Talonrakennus Oy
Regional Manager Vesa Tähti
Tel. +35820 719 2356
Vice President (Real Estate) Janne Rytkönen
Tel. +35810 76 82142
NASDAQ OMX Helsinki Oy
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 2012 were about EUR 2.3 billion, of which international operations accounted for roughly 40 per cent. The Group employs an average of 8,200 people. Lemminkäinen Corporation's share is quoted on NASDAQ OMX Nordic Exchange Helsinki. www.lemminkainen.com