Eastern European Markets
February, the 11th, 2008

SRV builds logistics facilities in St.Petersburg

SRV Russia Oy, the subsidiary of SRV Group Plc, has acquired 32 per cent share in Russian enterprise OOO ”Olgino-4”, which will buy a land territory of 24.9 hectares, located north of Saint Petersburg in close vicinity to the Ring Road. During spring 2008 SRV will raise its ownership in the enterprise aiming at majority stockholding by summer 2008.

Over 100,000 m2 of logistics facilities will be built on the site in several stages during next few years. SRV intends to commence construction works of the first stage by the end of 2008.

”Demand for logistics premises in Russia is booming because of good economic outlook. Development of logistics solutions in Saint Petersburg area creates opportunities for Finnish logistics companies too. SRV Project Development is involved in implementation of logistical solutions as well, and this project supports SRV’s strategic goal to increase international business of the company utilizing logistics know-how acquired from the group’s projects in Finland”, says director Veli-Matti Kullas from SRV.

For more information about Reval Hotel Neris:
SRV Russia Oy
Veli-Matti Kullas, tel. +358 (0)20 1455 274

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