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Published:
2017-09-18 11:30:00 CEST
SRV Yhtiöt Oyj
Press release

SRV to start demolition work at Lapinmäentie – construction of 200 homes will begin in summer 2018

Espoo, Finland, 2017-09-18 11:30 CEST (GLOBE NEWSWIRE) --
SRV GROUP PLC                      PRESS RELEASE                       18 SEPTEMBER 2017, AT 12.30

 

SRV to start demolition work at Lapinmäentie – construction of 200 homes will begin in summer 2018

 

SRV’s Lapinmäentie project, located in Munkkivuori, Helsinki, will take a further step forward when demolition work starts in the area at the beginning of October. A total of 700 new housing units are due to be built in the area, of which construction of 200 units is due to begin in summer 2018.

A demolition permit for the site, known as the Pohjola building, became valid in September, and internal demolition work and removal of hazardous materials will accordingly start at the beginning of October, with structural demolition due to begin around December. Tower A, the office tower belonging to the Pohjola building, and a prominent landmark of the area, will be preserved and renovated for new use.

Housing construction will begin on the Huopalahdentie side of the site in summer 2018. In accordance with the city plan adopted in August 2016, seven apartment blocks, in addition to the maintained Tower A, will be implemented in the area. Over 700 housing units are planned for the new residential towers. In the first phase, two apartment blocks will be constructed on Huopalahdentie.

“For Tower A, we have created various conceptual options, and retail and service premises as well as office facilities may be located at the site. Lapinmäentie 1 is a very interesting site and well suited to our strategy as a developer of urban centres. There is high demand for centrally located housing units next to good transport links and services,” says SRV Account Director Toni Kankare.

In March 2017, SRV and OP Tonttirahasto Ky purchased parcels of land at the property located at the address Lapinmäentie 1 from Pohj Landlord (Finland) LLC. In addition, SRV leased from OP Tonttirahasto Ky on a long-term lease agreement parcels acquired by OP Tonttirahasto Ky in the same deal. The parcels purchased and leased by SRV together form a block in accordance with the current city plan.

  

Further information:

Toni Kankare, Account Director, SRV, +358 44 501 0210

Tiina Niemi, Communications Manager, SRV, tel. +358 40 502 7549


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