Eastern European Markets
June 27th, 2007

Pöyry awarded EUR 3 million construction management and site inspection assignment in Latvia

Pöyry has been awarded a contract by the Latvian real estate company SIA Vertikala Pasaule for consulting and project management services relating to a shopping mall, office and hotel complex to be built in Riga, Latvia. Vertikala Pasaule is part of the international company "S.P.I. Group". The value of the assignment is about EUR 3 million, and the services shall be provided by early 2010.

The building will be the highest one in Riga and will receive special publicity. Also the architectural features will give the building special characteristics. Situated across the river from the Old Town of Riga, the building complex will enhance the image and value of this area. An international company with knowledge of the latest construction trends outside Latvia was selected due to the magnitude of the project, some 100 000 sq m.

Pöyry is a global consulting and engineering firm focusing on the energy, forest industry and infrastructure & environment sectors. Pöyry's net sales in 2006 amounted to about EUR 620 million and it employs 6400 experts.

Further information
Valtter Kari, President, Pöyry CM Oy, Finland
tel. +358 10 33 23910
Juha Lampi, Managing Director, SIA Pöyry, Latvia
tel: +371 7 356 377

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