Lemminkäinen maintains and repairs LocalTapiola properties

LEMMINKÄINEN OYJ      PRESS RELEASE      3 SEPTEMBER 2013 8.30 A.M.

LEMMINKÄINEN MAINTAINS AND REPAIRS LOCALTAPIOLA PROPERTIES

Lemminkäinen and Corbel have made an agreement on providing real estate maintenance and repair services for a part of the properties managed by the LocalTapiola Real Estate Asset Management Ltd. Most of the properties are located in the Helsinki Metropolitan Area. The new contract includes property maintenance, scheduled maintenance of the technical building systems, and repair work services. The contract period began on 1 September 2013. The parties have agreed not to disclose the contract value.

Lemminkäinen and LocalTapiola Real Estate Asset Management have already been cooperating for several years. Among other things, Lemminkäinen has taken care of the upkeep and maintenance of the LocalTapiola head office buildings in Espoo. Expanding the cooperation creates excellent prerequisites for developing the partnership and the service concept further, to serve the needs of LocalTapiola and its tenants even better.

"Our strength comes from our extensive technical expertise and sufficient resources. With the help of the maintenance and repair service contract, we can improve the cost-effectiveness and correct timing of the property maintenance. This extends the life cycle of the property and the technical building systems, and helps them to maintain their value," says Marcus Karsten, Executive Vice President at Lemminkäinen.

"It is great that Lemminkäinen will continue as one of our maintenance partners in the future. They have proven to be a good partner at our head office buildings. Lemminkäinen is able to provide a professional service that continues to develop further, which is visible at the property as good service for the tenants and does its part to ensure the development of the property value," says Reetta Räsänen, the Communications Manager responsible for the maintenance and repairs of LocalTapiola Real Estate Asset Management's real estate.

According to Pia Akselin, Head of Business Unit at Corbel, Lemminkäinen offered services with a competitive price-quality ratio. In particular, the ability to serve the tenants, energy efficiency and customer reporting are emphasised in the services.


LEMMINKÄINEN CORPORATION
Corporate Communications

ADDITIONAL INFORMATION:
Lemminkäinen Corporation
Marcus Karsten
Executive Vice President, Technical Building Services business segment
Tel. +358 2071 52280

marcus.karsten@lemminkainen.com

Corbel Oy
Pia Akselin
Head of Business Unit
Tel. +3582071 91210
pia.akselin@corbel.fi


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