Eastern European Markets

April, the 16th 2010

Lemminkäinen to construct a new apartment building in St. Petersburg

Lemminkäinen has purchased a plot of land on the Vasily Island, near the centre of St. Petersburg, to construct a new apartment building. The approx. 540-unit building will have a total floor area of 35,000 m2 and will be completed in autumn 2013.

In accordance with its strategy, Lemminkäinen wants to take advantage of Russia's growing construction markets. The company aims to increase the volume of its own housing and non-residential building production along with traditional contracting work.

The new project is an excellent addition to Lemminkäinen's housing portfolio in St. Petersburg.

The new building will offer high-quality apartments targeted at middle-classmhome buyers. Some of the apartments will be fully finished to European standards and some will be left with bare surfaces for finishing by the new owners. Special attention has been given to energy efficiency in the design solutions. Lemminkäinen's international building construction company, Lemminkäinen Talo Oy International, is responsible for the construction work.

For further information, please contact:
Regional Director Juha Vättö
Lemminkäinen Talo Oy International
Tel. +358 400 558 164
Managing Director Juha Höyhtyä
Lemminkäinen Talo Oy International
Tel. +358 40 537 5032

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