LEMMINKÄINEN CORPORATION PRESS RELEASE 15 MARCH 2013 AT 1.00 P.M.
LEMMINKÄINEN BUILDS SENIOR APARTMENTS AND COMMERCIAL PREMISES FOR SUOMEN SENIORIKODIT RY IN LAPPEENRANTA
Lemminkäinen has sold the entire shareholding in its new construction project called Kiinteistö Oy Lappeenrannan Autotalo, to be built in Lappeenranta, to Suomen Seniorikodit ry, an organisation that provides rental apartments for senior citizen. This new building, to be implemented as a turnkey contracting service, will be constructed in the centre of Lappeenranta, at an overall project value of around EUR 15.5 million.
The building will include a total of 55 senior apartments for rent on floors 2 to 5. A total of 1,432 m2 of office space will be built at street level, from which the South Karelia Social and Health Care District will rent office premises for its elderly services centre. Additionally, a 97-car garage and storage space will be built at basement level. Construction work on Kiinteistö Oy Lappeenrannan Autotalo will begin in March. The offices and parking places will be ready by the end of 2013 and the apartments by spring 2014.
"The contract we have signed with Suomen Seniorikodit ry will enable the construction of the Autotalo site on a rapid schedule. The project about to begin will bring a new player to Lappeenranta, to meet the steadily increasing demand for rental apartments for senior citizen," comments Regional Director Seppo Tokkola.
In December 2012, an apartment block called As Oy Lappeenrannan Katariina was completed, and in spring 2013 As Oy Lappeenrannan Wilhelmiina will be completed, on the same site in the centre of Lappeenranta, by Lemminkäinen.
Seppo Tokkola, Regional Director
Building Construction business segment
Tel. +358 (0)2071 54333
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