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SRV sold 69 developer-contracted residential units in July-September

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SRV GROUP PLC     STOCK EXCHANGE RELEASE     15 OCTOBER 2013  AT 10:30 AM

SRV sold 69 residential units in the third quarter. Thus housing sales were at the same level as in the second quarter of the year when SRV sold 64 residential units. In July-September last year, 85 residential units were sold. Housing demand has been strongly focused on smaller homes and there is even a lack of smaller apartments. The demand for luxury apartments has slowed down significantly and therefore SRV has decided to lower the prices of its apartments selectively at two special projects in Helsinki and Espoo. The average reductions are around eight per cent and are focused particularly on larger apartments.

 

SRV Group Plc

Taneli Hassinen
Vice President, Communications
Tel. +358 40 504 3321
taneli.hassinen@srv.fi

Further information:
Hannu Linnoinen, Executive Vice President, CFO, tel. +358 50 523 5850, hannu.linnoinen@srv.fi
Marja Kuosma, Sales Director, Housing, tel. +358 40 844 8630, marja.kuosma@srv.fi

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