SRV, SATO and Ilmarinen join forces in developing Perkkaa area in Espoo, New efficient office building for Siemens
SRV Group Plc Stock Exchange Release 11. October 2010 6.00 p.m. EET
SRV, SATO and Ilmarinen join forces in developing Perkkaa area in Espoo New efficient office building for Siemens Siemens Osakeyhtiö has sold the lots and building it owns in Espoo's Perkkaa suburb to Kiinteistö Oy Perkkaantalo company owned by SATO, SRV and Ilmarinen. The zoning revision for the area is in the process. The aim is to form new blocks for high-rise residential buildings. The joint company will start the development of the area together with the City of Espoo. The headquarters of Siemens Finland will move to new environmental-friendly premises in Espoo's Perkkaa suburb. The new office building, developed by SRV, will aim to reach the extremely demanding LEED GOLD environmental certificate. In the future, the area bought from Siemens will be a top-level green neighborhood where living, recreation and jobs are located close to each other. The intended living floor area is 110,000 - 120,000 square meters, which means that some 3000 people could move to the area. Area's central location as an extension to the Leppävaara urban center, coastal environment, recreational supply and energy efficiency will be essential aspects in the planning of the area. “The concluded transaction is significant for the development of the Helsinki metropolitan area. The excellent location of the area in close vicinity of efficient public transport as well as services and workplaces of Leppävaara make it particularly attractive, says Tuula Entelä, Vice President, Housing Business of SATO Plc. “When the zoning is completed we will build top end rental and privately owned homes”, she continues. The Perkkaa area suits also excellently SRV's residential strategy. SRV is extremely happy that SATO and Ilmarinen have joined us in the implementation of the project”, says Jukka Hienonen, CEO of SRV. The proximity of apartments and offices increases the attraction of both”, believes Hienonen. “The transaction makes a good foundation for residential investments for our strategic period. We will develop the Perkkaa area into an even more welcoming residential area and implement rental apartments there”, says Tomi Aimonen, Ilmarinen's Head of Direct Real Estate Investments. The aim is the zoning revision to be completed in 2012. New environmental-friendly premises for Siemens The LEED certificate sought for the Siemens' new premises is a widely used system in Europe and the United States for evaluating properties' sustainability. ”Siemens offers sustainable solutions for power production, transmission and distribution as well as energy efficient solutions for industry and buildings. Therefore we must also walk the walk and show a good example. This is why sustainable office is very important to us”, Siemens Osakeyhtiö CEO Martti Kohtanen says. ”Energy efficiency is important and its importance is growing in property investments. This is why we are proud of being able to be part of building new very environmentally friendly offices for Siemens in Finland. The set goal of LEED GOLD certificate is going to require a lot of work and intelligent solutions, but it is well worth it,” the CEO of SRV Jukka Hienonen says. The new Siemens office will be built in environmentally friendly way with the company's own building technology solutions, Osram's energy efficient lighting technology and using geothermal heating. Siemens will remain in the current office premises as a tenant until the new office in Vermonsolmu in Perkkaa is ready at latest in 2014. The Derby Business Park to be built by SRV comprises 19,000 square meters of modern offices, of which Siemens will take around 7,400 square meters. It will be completed in August 2014, at the latest. SRV Group Plc Jukka Hienonen CEO Further information: Timo Nieminen, Senior Executive Vice President, SRV Group Plc, tel +358 201 45 5244, gsm +358 400 424 552 Illustrations for media: www.srv.fi/perkkaa-photos Distribution: Nasdaq OMX Helsinki, main media