SRV Yhtiöt Oyj - Company Announcement

SRV to implement significant project for Aalto University Properties in Otaniemi

Espoo, Finland, 2016-02-18 07:29 CET (GLOBE NEWSWIRE) -- SRV GROUP PLC STOCK
EXCHANGE RELEASE 18 FEBRUARY 2016 at 08.29 

SRV to implement significant project for Aalto University Properties in Otaniemi

SRV will participate in developing the focal point of Aalto University’s campus
by building in Otaniemi a new campus building as well as commercial premises in
the Metro Centre. Aalto University’s School of Arts, Design and Architecture
will move into the building, designed by Verstas Arkkitehdit Oy, after it is
completed in stages, in April-June 2018. The total value of the project, to be
launched in February, is approximately EUR 101 million. 

“The project to be implemented for Aalto University Properties Ltd will
justifiably arouse interest in SRV. We have been involved in building and
renovating cradles of science throughout Finland – including the Tampere
University of Technology’s Campus Arena, the University of Helsinki’s Main
Library, Kaisa House, and campus buildings at the University of Jyväskylä. The
building that will rise at the focal point of the Otaniemi campus is a great
addition to this group,” says SRV’s Juha Toimela, Vice President, Business
Operations in Finland. 

The building, to be completed in the area between Otakaari 1 and Tietotie 1,
will have four floors, with a total area of 33,000 square metres.
Multi-functional education and work facilities will be built for the use of the
School of Arts, Design and Architecture, and a daily consumer good store,
speciality stores and restaurant premises at the Metro Centre. For the
premises, the goal is to achieve the ambitious energy class A, by utilising
both geothermal and solar energy. 

“The new building is an investment that will enhance our use of space and
generate significant cost savings. We are currently occupying lot of leased
premises, which we will be able to give up after the completion of the new
building. In addition, by making the campus structure more compact, we can also
reduce the number of different service points,” says Antti Tuomela, CEO of
Aalto University Properties Ltd. 

The project will be implemented utilising the alliance model, which is becoming
more common in Finland. The project’s planning and construction will be jointly
implemented, and the risks and benefits shared between an alliance consisting
of SRV and Aalto University Properties Ltd. 


Further information:
Juha Toimela, SVP, Business Operations in Finland, tel. +358 40 594 5473,
juha.toimela@srv.fi 
Päivi Kauhanen, SVP, Communications, tel. +358 50 598 9560,
paivi.kauhanen@srv.fi 

www.srv.fi

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