Lemminkäinen starts construction of interest-subsidised rental housing in Kokkola


Lemminkäinen starts construction of interest-subsidised rental housing in

Lemminkäinen is starting work on the construction of 60 interest-subsidised
rental housing units in the immediate vicinity of the 2011 housing exhibition
area of Pikiruukki in Kokkola. The two apartment buildings will be constructed
by Lemminkäinen Talo Oy Forsström and the clients are Kokkolan Vuokra-Asunnot
Oy and Pohjanmaan YH-Asunnot Oy. 

"Over the past couple of years the emphasis in residential construction starts
has been on rental housing. The starts now being made are an extension of the
38 high-quality rental housing units completed this month in connection with
the Chydenia Shopping Centre," says Tony Storbacka, Managing Director of
Lemminkäinen Talo Oy Forsström. 

Construction work at Pikiruukki began in December 2009. The first of the
apartment buildings will be completed by the end of October 2010 and the other
in January 2011. The buildings do not belong to actual housing exhibition area,
but they will blend in very harmoniously with its the overall look and feel. 

"In the coming weeks we will start the off-plan marketing of owner-occupied
dwellings to be built in the housing exhibition area. Hopefully, the market for
owner-occupied housing will pick up during the coming spring and the project
will get off the ground," says Tony Storbacka. 

Corporate Communications

Managing Director Tony Storbacka		
Lemminkäinen Talo Oy Forsström		
Tel. +358 2071 58707	

Project Development Manager Tapio Keiramo
Lemminkäinen Talo Oy Forsström
Tel. +358 2071 58709

NASDAQ OMX Helsinki                                                             
Key media

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 9,000 people. Lemminkäinen
Corporation's share is quoted on NASDAQ OMX Helsinki Ltd. www.lemminkainen.com 

Lemminkäinen Group is being renewed. All of Lemminkäinen Talo Oy's regional
subsidiaries now operate under one Lemminkäinen brand name. Lemminkäinen Talo
Oy Forsström (formerly Byggnads Ab Forsström Rakennus Oy) constructs
industrial, commercial and residential buildings, carries out public sector
projects, and performs basic renovation and repair works in the economic areas
of Kokkola and Pietarsaari. The company's net sales in 2008 were approx. EUR 41
million and it employs about 150 people. www.forsstrom.fi