SRV sells logistics centre in top location in Vantaa to Sagax

SRV GROUP PLC     INVESTOR NEWS     29 JANUARY 2020      14:00 EET

SRV sells logistics centre in top location in Vantaa to Sagax

SRV has made a deal with Sagax Finland on the sale of the Lumijälki 2 project. Work on the logistics centre will commence immediately and the new premises in Ylästö, Vantaa will be ready for use in early 2021. The total value of the project is EUR 23 million. The project will be recognised in SRV’s order backlog in January.

The Lumijälki 2 project combines storage space, production facilities and office premises under one roof, including plenty of space for the parking and manoeuvring of heavy vehicles. The size of the site to be built in the Tuupakka logistics area at the heart of the Helsinki Metropolitan Area’s logistics operations is approximately 10,000 square meters. The real estate property is designed to meet the needs of three tenants. Two thirds of the real estate property’s premises have been leased, and long-term lease agreements will be concluded with the main tenants Geberit Oy and Fazer Food Services Oy.

“Lumijälki is an excellent addition to the logistics projects we have been building in Vantaa. Our previous construction projects include a new logistics centre for the Helsinki and Uusimaa Hospital District in Vantaankoski. Our Pressi project, which is also underway in Vantaankoski, offers small-scale logistics facilities as well as office premises. Last summer on the opposite plot, we completed the construction of STC Pressi, which is a smart tech centre for wholesale trade and maintenance sector operators,” says Saku Kosonen, Unit Director at SRV.

The design, engineering and implementation of the Lumijälki 2 project takes into account the City of Vantaa’s environmental objective for becoming a resource-wise city, aimed at promoting well-being and sustainable development through the prudent and responsible use of natural resources. Sagax will also submit an application for BREEAM certification for the real estate property, which has quality criteria that support the above objective. The environmental certification has been developed for use as a framework and scorecard for next-generation green buildings.

“The property as a whole is very centrally located in a developing area that is very close to Ring Road III and Helsinki Airport.  Securing such excellent tenants for the property is a great addition to our existing portfolio in this area,” Jaakko Vehanen, Managing Director at Sagax Finland.

For further information, please contact:

Saku Kosonen, Unit director, SRV, tel. +358 (0)40 549 1221, saku.kosonen@srv.fi
Heidi Tetteh, Communications manager, SRV, tel. +358 (0)40 662 3220, heidi.tetteh@srv.fi
Jaakko Vehanen, Managing director, Sagax Finland, tel. +358 (0)40 776 2399, jaakko.vehanen@sagax.fi

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SRV in brief

SRV is a bold developer and innovator in the construction industry. We want to offer the best customer experience as a constructor of urban city centres, while also being the most attractive employer in the industry. Our genuine cooperation and enthusiasm for our work comes across in every encounter. Sustainability is reflected in all our activities.

Established in 1987, we are a publicly listed company since 2007 in Helsinki Nasdaq stock exchange that operates in growth centres in Finland and Russia. Our revenue in 2018 was EUR 960 million. Over 1,000 people work for us and we employ a network of almost 4,000 subcontractors in our projects.

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