SRV builds a hotel tower for Sokotel Oy

9/28/2012 7:55 AM EST

SRV Yhtiöt Oyj
Investor News

SRV builds a hotel tower for Sokotel Oy

Espoo, Finland, 2012-09-28 13:55 CEST (GLOBE NEWSWIRE) -- SRV GROUP PLC  
INVESTOR NEWS      28 September 2012 

SRV will start construction works for a new hotel tower to Tampere city center
at the beginning of November. The new hotel next to Tampere railway station
will be built for mutual pension company Pension Fennia and the hotel operator
will be Sokotel Oy, a subsidiary of SOK group. Value of the project is
approximately 50 million euros. Project partners signed the contract on Friday
28 September. 

“Demanding project in the heart of the city fits well in SRV’s profile. We have
a strong experience on both hotel and high rise construction projects. Among
others, we have built Flamingo entertainment centre to Vantaa and Radisson Blu
hotel to Tallinn. In Helsinki metropolitan area, we are also starting several
extensive high rise and tower building projects”, says SRV Vice President Juha
Pekka Ojala. 

The long planned hotel will have total of 27 floors, 25 of which above ground.
In addition to approximately 300 rooms, versatile restaurant and conference
premises will be built to the site. 

Construction works will be carried out by SRV Group’s Pirkanmaa office. Project
will have significant positive effects on employment in Tampere region: during
the construction period, directly or indirectly, approximately 700
person-years. 

Further information:

Executive Vice President Juha Pekka Ojala, +358 040 7334173,