Lemminkäinen to build an apartment building in Pihlajalaakso, Kuopio as part of its own housing production
LEMMINKÄINEN CORPORATION PRESS RELEASE 27 October 2011 at 1 p.m.
LEMMINKÄINEN TO BUILD AN APARTMENT BUILDING IN PIHLAJALAAKSO, KUOPIO AS PART OF ITS OWN HOUSING PRODUCTION
Lemminkäinen will start the construction of an apartment building in the new residential area of Pihlajalaakso in Kuopio, within the sphere of its own housing development. The four-storey building As Oy Kuopion Kotipihlaja will house 20 apartments between 58 and 78.5 m2 in size. The building will be equipped with a lift, and all apartments will have their own saunas and spacious glazed balconies. Energy-efficiency is increased with mechanical heat recovery ventilation systems in each apartment, which also adds to their level of comfort.
Construction will begin immediately and is due for completion in November 2012. Advance sales of the apartments are under way, with nearly half of them already reserved.
This project is a continuation of Lemminkäinen’s own housing development projects in the Kuopio region. The As Oy Kuopion Keilanloiste apartment building in Lehtoniemi, in the Saaristokaupunki district of Kuopio, will be completed by the end of the year. There are still a few apartments available at Keilanloiste.
Lemminkäinen is one of Finland’s largest and most versatile housing constructors. Lemminkäinen estimates that it will start the construction of about 1,200 units in its own housing developments this year.
FOR FURTHER DETAILS CONTACT:
Pentti Mähönen, Director, Residential Construction
Lemminkäinen Talo Oy, Eastern Finland
Tel. +358 2071 57571
Lemminkäinen Group operates in all areas of the construction sector. The Group’s operations have been organised into three business sectors: building construction, infrastructure construction and technical building services. A fourth business sector, International Operations, will be introduced at the beginning of 2012. Lemminkäinen Group’s net sales in 2010 were approximately EUR 2.0 billion, of which international operations accounted for over a quarter. The Group employs an average of 8,000 people. Lemminkäinen Corporation’s share is quoted on NASDAQ OMX Helsinki Ltd. www.lemminkainen.fi