Lemminkäinen Corporation Press release 22.6.2009 at 14:00
LEMMINKÄINEN ACQUIRES THE SITE OF PAULIG´S OLD ROASTERY IN VUOSAARI
Paulig Oy and Lemminkäinen Group's Oy Alfred A. Palmberg Ab have agreed on the
sale of Paulig's old roastery site to Oy Alfred A. Palmberg Ab. The site will
be vacated when Paulig's roastery moves to new premises in the Vuosaari Harbour
Business Park during autumn 2009. Planning work for the site will begin
immediately and construction is expected to start during 2010. Paulig will
start dismantling the old plant in January 2010.
”The area has been zoned as a high-class residential area for approx. 2,000
residents and it will form an extension of the construction at Aurinkolahti.
The character of Vuosaari's centre will be transformed. A verdant boulevard
will stretch from the Columbus shopping centre to the seashore,” says Arto
Jokinen, the director responsible for Oy Alfred A. Palmberg Ab's residential
”We are very pleased that the buyer is a Finnish construction company known for
high-quality work, and that we were able to sell the whole area to a single
company,” say Real Estate Manager Ari Partanen and Group Treasurer Riitta
Helaniemi of Paulig Oy.
Lemminkäinen Group´s Lemcon Ltd is acting as the project management contractor
for Paulig´s new roastery.
Pleasant residential area close to the metro and sea
The site of Paulig's old roastery is centrally located in the Aurinkolahti
district of Vuosaari near the sea, and within easy reach of the metro line and
services. According to the approved city plan, the site has residential
building rights totalling 71,000 square metres. The site will be divided into
four blocks, where altogether 16 apartment buildings will provide housing for
some 2,000 people in a pleasant park-like environment featuring spacious
courtyards and squares. Car parking will be located underground. The areas in
between the blocks will be open to everyone and some commercial premises will
be located there.
Head of Residential Construction
Oy Alfred A. Palmberg Ab
Tel. +358 2071 56167 or firstname.lastname@example.org
Tel. +358 9 3198 366 tai email@example.com
NASDAQ OMX Helsinki
Lemminkäinen Group operates in all areas of the construction sector. The
Group's business sectors are building construction, infrastructure
construction, technical building services, and building products. Net sales in
2008 were approx. EUR 2.5 billion, of which international operations accounted
for over a quarter. The Group employs about 9,800 people. Lemminkäinen
Corporation's share is quoted on NASDAQ OMX Helsinki Ltd. www.lemminkainen.com
Oy Alfred A. Palmberg Ab is a subsidiary of Lemminkäinen Group's Lemminkäinen
Talo Oy. The company engages in competitive tender contracting for new
construction and refurbishment as well as its own developments of commercial
and industrial buildings. The company is Finland's oldest building firm. It
operates in the Greater Helsinki Area. In 2008, Oy Alfred A. Palmberg Ab
generated net sales of approx. EUR 184 million and employed some 270 people.