Lemminkäinen to renovate a prestigious property on Esplanadi in Helsinki
LEMMINKÄINEN CORPORATION PRESS RELEASE 1 JULY 2015 AT 13:00
LEMMINKÄINEN TO RENOVATE A PRESTIGIOUS PROPERTY ON ESPLANADI IN HELSINKI
Lemminkäinen will renovate a prestigious property located at Eteläesplanadi 18 in Helsinki. The customer is LocalTapiola Mutual Life Insurance Company. The work will begin in January 2016 and is scheduled for completion in February 2017. The contract value is approximately EUR 15 million.
In the contract, the commercial and office building, designed by the architect J. S. Sirén and completed in 1935, will undergo significant renovation, in which space arrangements, surface structures and technical building systems will be fully renewed and facades will be repaired. The gross surface area of the eight-story building is approximately 10,800 square metres. Lemminkäinen is responsible for the design management and the construction work.
“In recent years, we have renovated several prestigious properties in the city centre of Helsinki. After the renovation, leaseholders will have a modern, efficient and comfortable workplace,” says Pauli Mäkelä, Executive Vice President at Lemminkäinen.
“The excellent location of the property, together with a respected main occupier with good financial standing, make an extensive renovation possible. We are pleased that Lemminkäinen was selected to carry out this demanding project,” says Vesa Eskoli, Real Estate Investment Director at LocalTapiola Real Estate Asset Management Ltd.
Currently, Lemminkäinen is carrying out the renovation of the Parliament Building and the conversion of the Auratalo office property into a hotel, both located in Helsinki’s Töölö district.
Pauli Mäkelä, Executive Vice President, Building construction, Finland
Tel. +358 2071 53426
LocalTapiola Real Estate Asset Management Ltd
Vesa Eskoli, Real Estate Investment Director
Tel. +358 40 7030 551
NASDAQ OMX Helsinki Ltd
Together with our customers we create conditions that make living, working and travelling functional, safe and healthy. We operate in northern Europe and employ approximately 5,600 experts. In 2014, our net sales were about EUR 2.0 billion. Lemminkäinen Corporation’s share is quoted on NASDAQ OMX Helsinki Ltd. www.lemminkainen.com