Publication of Lemminkäinen Corporation's Financial Statements bulletin for the year 2017
LEMMINKÄINEN CORPORATION PRESS RELEASE 4.8.2010, 12.00 PHASE I OF LEMMINKÄINEN'S KAUPPAPAIKKA HERMAN PROJECT GOES TO NAUMANEN OY Lemminkäinen Talo Oy Itä- ja Pohjois-Suomi and Naumanen Oy have signed an agreement concerning a share transaction relating to phase I of Kauppapaikka Herman in Kuopio. The agreement covers approximately half of the property owned by real estate company Kiinteistö Oy Kuopion Leväsentie 2. Kauppapaikka Herman is a retail trade property with a total floor area
LEMMINKÄINEN CORPORATION PRESS RELEASE 4.8.2010, 12.00 PHASE I OF LEMMINKÄINEN'S KAUPPAPAIKKA HERMAN PROJECT GOES TO NAUMANEN OY Lemminkäinen Talo Oy Itä- ja Pohjois-Suomi and Naumanen Oy have signed an agreement concerning a share transaction relating to phase I of Kauppapaikka Herman in Kuopio. The agreement covers approximately half of the property owned by real estate company Kiinteistö Oy Kuopion Leväsentie 2. Kauppapaikka Herman is a retail trade property with a total floor area of over 38,000 m2. It is centrally located in the city of Kuopio and worth approx. EUR 60 million. After the premises were vacated by Junttan Oy and Sasmox Oy, Lemminkäinen started construction work on Herman in May 2010. The whole project will be completed in spring 2012. About 18,000 m2 of the old property will be ecologically exploited in the site's development. Phase I of the project, which will be completed in autumn 2011, encompasses almost 20,000 m2 of retail floor area. The site will be home to an over 15,000 m2 new-concept K-Rauta, the store premises of which were the subject of a leasing agreement that Rautakesko Oy made in autumn 2008. Matti and Olli Naumanen will act as K-Rauta's retailers. - Lemminkäinen has been developing the Leväsentie 2 property into a significant retail centre since spring 2008. The property has aroused a great deal of interest in the retail trade and among real estate investors. The new zoning plan that came into force in June 2010 allows the construction of a specialist retail outlet requiring plenty of product display floor area as well as a large non-food retailing unit, so the site represents a diverse product and service centre, says Lemminkäinen's Regional Director Matti Pätynen. - The investment is the largest in the history of Naumanen Oy, says retailer Matti Naumanen. The location of the property is excellent for retail traders. The area is attracting a good mix of home improvement stores, recreational and sports shops, and specialist construction businesses. - We have been operating in Kuopio for about three years. As a business grows, the need for new premises becomes very real. Kuopio's good business climate and very smooth co-operation with Lemminkäinen were ultimately the key factors in our decision to strengthen the business in the Kuopio area and invest in Kauppapaikka Herman, says retailer Olli Naumanen. LEMMINKÄINEN CORPORATION Corporate Communications ADDITIONAL INFORMATION: Regional Director Matti Pätynen Lemminkäinen Talo Oy Itä- ja Pohjois-Suomi Tel. +358 40 739 1709 matti.patynen@lemminkainen.fi Retailer Matti Naumanen Naumanen Oy Tel. +358 500 372385 Matti.naumanen@k-rauta.fi DISTRIBUTION: NASDAQ OMX Helsinki Ltd 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 2009 were approx. EUR 2.0 billion, of which international operations accounted for over a quarter. The Group employs about 8,600 people. Lemminkäinen Corporation's share is quoted on NASDAQ OMX Helsinki Ltd. www.lemminkainen.com