Lemminkäinen
Lemminkäinen to build apartments and offices in Postitalo in Tampere, Finland
DGAP-News: Lemminkäinen 2015-07-02 / 09:15 --------------------------------------------------------------------- LEMMINKÄINEN CORPORATION INVESTOR NEWS 2 JULY 2015 AT 10.15 A.M. LEMMINKÄINEN TO BUILD APARTMENTS AND OFFICES IN POSTITALO IN TAMPERE, FINLAND Lemminkäinen has signed an agreement with Fennia Mutual Insurance Company on building new apartments and office facilities in Postitalo, the former main post office building in Tampere, in Finland. The construction project is expected to begin in January 2016 and be completed at the end of 2017. The parties have agreed not to disclose the value of the contract. The contract includes the construction of 85 new apartments and around 1,000 m2 of office facilities. In addition, around 2,500 m2 of existing commercial and other facilities in Postitalo will be renovated. 'The Postitalo building is located in a central, visible place next to the railway station and Postiljooninpuisto park. We want to develop the premises into an interesting whole that is harmonious with the cityscape. We will expand the premises by building apartments for sale on the Rautatienkatu side of the building. We will also renovate the office building and improve commercial services on the ground floor,' says Timo Rantala, Head of Real Estate Investments at Fennia, who is responsible for the Postitalo premises. 'Our previous projects in the same premises include a hotel for the Cumulus chain, which was completed in 2012. The new contract serves to further develop Postitalo,' says Pauli Mäkelä, Executive Vice President, Building construction at Lemminkäinen. LEMMINKÄINEN CORPORATION Corporate communications MORE INFORMATION: Pauli Mäkelä, Executive Vice President, Building construction, Finland Lemminkäinen Corporation Tel. +358 2071 53426 pauli.makela@lemminkainen.com Timo Rantala, Head of Real Estate Investments Fennia Mutual Insurance Company Tel. +358 10 503 5414 DISTRIBUTION: NASDAQ OMX Helsinki Ltd Key media www.lemminkainen.com Together with our customers we create conditions that make living, working and travelling functional, safe and healthy. We operate in northern Europe and employ about 5,600 professionals. In 2014, our net sales were about EUR 2 billion. Lemminkäinen Corporation's share is quoted on NASDAQ OMX Nordic Exchange Helsinki. www.lemminkainen.com News Source: NASDAQ OMX --------------------------------------------------------------------- 2015-07-02 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- Language: English Company: Lemminkäinen Finland ISIN: FI0009900336 End of News DGAP News-Service --------------------------------------------------------------------- 374541 2015-07-02
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