Publication of Lemminkäinen Corporation's Financial Statements bulletin for the year 2017
LEMMINKÄINEN CORPORATION PRESS RELEASE 20.8.2009, 10.00 LEMMINKÄINEN TO START HOUSING CONSTRUCTION IN JÄTKASAARI DISTRICT OF HELSINKI Lemminkäinen Group's Oy Alfred A. Palmberg Ab is to start building the Jätkäsaari district of Helsinki. The City of Helsinki is leasing a plot to Oy Alfred A. Palmberg Ab for the private-sector production of rental housing and two plots for the private-sector production of owner-occupied housing subject to the price and quality controls of the Hitas scheme. The
LEMMINKÄINEN CORPORATION PRESS RELEASE 20.8.2009, 10.00 LEMMINKÄINEN TO START HOUSING CONSTRUCTION IN JÄTKASAARI DISTRICT OF HELSINKI Lemminkäinen Group's Oy Alfred A. Palmberg Ab is to start building the Jätkäsaari district of Helsinki. The City of Helsinki is leasing a plot to Oy Alfred A. Palmberg Ab for the private-sector production of rental housing and two plots for the private-sector production of owner-occupied housing subject to the price and quality controls of the Hitas scheme. The City of Helsinki is also selling the company four plots for its own housing developments. The decision was made at a meeting of the city's Real Estate Committee on 18 August 2009, and still requires approval by Helsinki City Council to come into force. The Saukonpaasi area of Jätkäsaari has almost 40,000 square metres of building rights, enabling the construction of approximately 400 housing units. Development of the area will commence immediately with an architectural competition. Private-sector rental housing will be built on the first block slated for development. Its construction will begin in autumn 2010. This will be followed by two private-sector developments of owner-occupied housing based on the Hitas model. When completed, Saukonpaasi will in-fill and complete the urban structure of the area on both sides of Ruoholahti channel. "You won't find better plots than the Saukonpaasi area anywhere in Helsinki. Located downtown beside the sea and Ruoholahti channel, the area has excellent public transport connections by tram and metro, and is within walking distance of the services at Ruoholahti shopping centre. Together these factors make Saukonpaasi a very pleasant and functional residential area," says Pauli Mäkelä, the Managing Director of Oy Alfred A. Palmberg Ab. Saukonpaasi overlooks the sea on three sides. It will be possible to build apartments with balconies enjoying sea views and the sunset. Sheltered parking will be provided for the building residents. The shoreline of the channel in front of the buildings is designated for boat moorage in the city plan. Lemminkäinen Corporation Corporate Communications Additional information: Pauli Mäkelä Managing Director Oy Alfred A. Palmberg Ab Tel. +358 2071 53426 or +358 400 407 508 pauli.makela@palmberg.fi DISTRIBUTION: NASDAQ OMX Helsinki Key media www.lemminkainen.com 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. www.palmberg.fi