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.
SRV Group Plc
Eero Heliövaara
Chief Executive Officer
For further information please contact:
SRV Russia Oy
Veli-Matti Kullas, tel. +358 (0)20 1455 274
Distribution:
Helsinki Stock Exchange
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