LEMMINKÄINEN CORPORATION INVESTOR NEWS 19 MAY 2017 AT 2:00 P.M.
LEMMINKÄINEN TO BUILD A UNIVERSITY OF APPLIED SCIENCES IN TURKU, FINLAND
Lemminkäinen and Turku Technology Properties Ltd have signed an agreement on the construction of the Kupittaa campus of Turku University of Applied Sciences in Finland. Construction work will begin in late 2017 and is scheduled to be completed in spring 2020. The parties have agreed not to disclose the value of the agreement.
The building’s gross area is 28,400 square metres. It will house classrooms for individual and collaborative learning, lecture halls and teamwork spaces as well as various laboratory facilities, such as acoustics, power electronics and concrete laboratories. The building will also include office space, shared multipurpose space and premises for a restaurant, sports and parking. Turku University of Applied Sciences will centralise all of its activities in the area of technical education in the new building. The building will be used by approximately 2,000 students and 350 employees. The new building is part of a City of Turku project aimed at increasing the efficiency of operations and centralising University of Applied Sciences education in Kupittaa.
The project will be implemented as a turnkey contract comprising the design of the school as well as its construction to the point where it is ready to use. The construction site is located in the busy Turku Science Park area in the Kupittaa district.
“We chose Lemminkäinen as the contractor due to the company’s strong track record in building versatile, adaptable and technically demanding premises,” says Mikko Lehtinen, CEO of Turku Technology Properties Ltd.
Lemminkäinen is currently also building a new indoor sports centre in Turku. The project will be completed in late 2017.
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Lemminkäinen is an expert in complex infrastructure construction and building construction in Northern Europe and one of the largest paving companies in its market. Together with our customers and the 4,700 professionals we employ, we build a sustainable society. In 2016, our net sales were EUR 1.7 billion. Lemminkäinen Corporation’s share is quoted on Nasdaq Helsinki Ltd. www.lemminkainen.com