SRV Construction Ltd has today carried out the sale of the entire capital stock of Kampin Luola Oy to the Local Government Pensions Institution (Keva). Kampin Luola is the P-City underground parking facility located below the Kamppi Centre in Helsinki and it has around 500 parking places. Parties agreed on the arrangement in December, and it was conditional on a decision relating to the project by the City of Helsinki’s Real Estate Committee, which was made last Thursday 9 February 2012.
The transaction is part of a contractual arrangement, covering the sale of around 1,500 parking places, in which the capital stocks of Oy Kamppiparkki Ab and of Simonaukion Pysäköinti Oy, owned by the City of Helsinki, will also be sold. At the same time, SRV is also selling its holding, granting entitlement to 100 parking places, in Oy Kamppiparkki Ab, which manages the Forum P parking facility.
SRV’s share of contract’s total value is approximately EUR 32 million.
SRV Group Plc
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