SRV as a company
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.
We operate in selected growth centres in Finland, Russia and Estonia. In Finland we develop and
build housing, business premises, logistics centres, underground construction projects and other special premises. In Russia, we specialise in the development and construction of high-quality shopping centres, commercial and multifunction premises, offices, hotels and various production and logistics facilities.
SRV is Finland’s leading project management contractor that develops and builds commercial and business premises, residential units as well as infrastructure and logistics projects. Apart from Finland, the company operates in Russia and Estonia.
SRV Group Plc
SRV Group Plc, the Group’s parent company, is responsible for the Group’s management, treasury, finance and administrative functions. SRV Group’s Corporate executive team is presented on the Investor pages under corporate government.
Project development unit
SRV’s development projects are based on project development that sets out to identify future trends and gain a deep understanding of the needs of customers’ business operations. SRV’s Project Development seeks to find premises for users, owners for premises and investments for owners. Systematically acquiring plots and looking into potential sources of financing are also key subfactors in project development.
Project development is a long-term activity in which the open-minded search for implementation alternatives and the correct timing of implementation are important. Thanks to our networked operating model, we can combine the needs of customers and stakeholders innovatively. With the SRV Approach, which is based on robust project management expertise, we can also turn good ideas into successful construction projects.
The Construction segment focuses on implementation services for demand-driven, high-quality and efficient building projects, for both the company’s own sites and those for external developers. This segment is also responsible for the development of SRV’s own residential sites, including housing sales and services for residents, and for the lifecycle maintenance of commercial properties.
Construction’s main objective is to harness its specialist expertise in order to provide an excellent customer experience in project management and production, and to help improve the profitability of SRV’s business. It takes the SRV Approach, which is based on understanding customer needs and the effective implementation of projects in collaboration with our extensive network of professional partners. This segment focuses on housing, business and infrastructure construction in selected urban growth centres, as per the company’s strategy.
The Construction segment covers all of SRV’s construction activities, including the capital and plots required for developer-contracted housing production. It is our intention to develop, build and sell these plots to a faster schedule than those we report on in the Investments segment.
The Investments segment focuses on the management and realisation of the Group’s real estate investments; the creation and ownership of new joint investment structures; and the operation of selected properties.
Investments’ key objectives are to increase SRV’s financing capacity with the aid of joint financing structures; harness the value chains created by projects more extensively through longer-term ownership; diversify capital risk; and generate positive cash flow. SRV’s investment strategy revolves around the Group’s strategy of building urban centres and harnessing the key megatrends that are affecting the built environment. “Building urban centres” primarily means the construction and ownership of central urban premises, such as housing, offices and retail premises.