SRV sells a logistics facility to be built in the Turku region to VVT – the tenant will be Warasto Finland

SRV GROUP PLC      PRESS RELEASE      09 NOVEMBER 2021    09.00 EET

SRV sells a logistics facility to be built in the Turku region to VVT – the tenant will be Warasto Finland

SRV is selling a warehouse and logistics facility in Lieto in the Turku region to a fund managed by VVT Kiinteistösijoitus Oy. The property has been fully leased to Warasto Finland Oy, which specialises in logistics and warehousing services. Construction will begin with earthworks in November 2021 and the new premises will be completed in February 2023.

“SRV has a long tradition of building logistics facilities around Finland – this new project is an excellent example of our robust property development expertise in the logistics sector. The new property has been developed in cooperation with the lessee and investor right from the start of the project,” says Ari Niemelä, Sales Director for Strategic Project Development, Regional Units at SRV.

The new building will have a total area of around 14,000 square metres. It will also feature initially approximately 2,200 square metres of thermo-regulated space for food logistics. The design of the new building has taken sustainable energy solutions into consideration. The property will be heated using geothermal heat and space will be allocated for a solar electricity system. The aim is to secure a “Very Good” BREEAM environmental certificate for the new building.

“VVT's second fund was established earlier this year and our team has worked hard to acquire the fund's first investments. It is great to have a property in the fund that meets modern logistics standards in a rapidly developing and logistically excellent location in Lieto. The design solutions have taken into account the environmental efficiency that is important to us, as well as the building's expansion possibilities,” says Jan Olin, CEO of VVT Kiinteistösijoitus Oy.

“The building has been designed for logistics right from the start. It will provide state-of-the-art – and environmentally friendly – operating conditions for both us and our customers. Both now and in the future, we intend to develop our operations and provide the full range of logistics services, from the basic needs of companies to frozen goods logistics. The new premises will enable us to grow with our customers and to expand our customer base, regardless of the scale of logistics,” say Santtu Jokela and Kim Sjöholm, the entrepreneurs behind Warasto Finland Oy.

The property is a commercial development project in which SRV sells the property to an investor before construction is started up. SRV has carried out similar development projects in locations such as Vantaankoski, where it has built the Lumijälki 2 logistics centre for Sagax, a logistics centre for HUS and Pressi, which combines logistics facilities and business premises.

Additional information:
Ari Niemelä, Sales Director, Regional Units, SRV, tel +35840  590 3852, ari.niemela@srv.fi
Heidi Tetteh, Communications manager, SRV, tel +35840 662 3220, heidi.tetteh@srv.fi
Jan Olin, CEO, VVT Kiinteistösijoitus Oy, tel +35850 420 1170, jan.olin@vvtkiinteistosijoitus.fi
Kim Sjöholm, entrepreneur, Warasto Finland Oy, tel +35850 589 9885, kim.sjoholm@warasto.fi

 

Image attached: Design Team Architects Ltd, SRV

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SRV is a developer and innovator in the construction industry. Our objective is a new lifecycle-wise reality where solutions related to construction ensure well-being, financial value and the benefit of users, residents and environment – for years and generations to come. Our genuine cooperation and enthusiasm for our work comes across in every encounter. Sustainability is reflected in all our activities.

Our company, established in 1987, is listed on the Helsinki Stock Exchange. We operate in growth centres in Finland and Russia. In 2020, our revenue totalled EUR 975.5 million. In addition to about 1,000 SRV employees, we employ a network of around 4,200 subcontractors.

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