SRV to implement the Research Hub at Tampereen Sähkötalo and to renovate the old building

Finland Finland — SRV and University Properties of Finland Ltd have signed a project management contract for the new Research Hub building to be constructed in the Hervanta campus area of the University of Tampere, at the current Sähkötalo, and for the renovation projects of the linked parts of the building. The total value of the contract for SRV is approximately EUR 47 million. The order will be recognised in SRV’s order backlog in May.

SRV builds residential for Varma

Finland Finland — SRV to build 128 residential units for Varma in Niittykumpu, Espoo.

SRV secures construction assignment worth EUR 86 million

Finland Finland — SRV and Metsä Wood have signed an agreement for the construction of a Kerto LVL mill in Äänekoski. The project will be carried out as a cooperative project management contract, with SRV’s contract valued at approximately EUR 86 million.

SRV sells most of its remaining Russian holdings

Finland Finland — SRV sells most of its remaining Russian holdings, continuing its exit from the country.

Change in SRV Group’s Corporate Executive Team

Finland Finland — Henri Sulankivi, SVP, Regional Units and a member of Corporate Executive Team, has decided to leave the company.

Housing Fund Acquires Residential Portfolio from SRV

Finland Finland — SRV sells a housing portfolio consisting of two residential buildings to a housing fund managed by eQ. The agreements include the residential building Asunto Oy Tampereen Kissanpäivät located in Kissanmaa, Tampere, and Asunto Oy Espoon Anna Sahlsténinkatu 15, located in Perkkaa, Espoo.

Niam Acquires Office Project – Will Create Finland’s Tallest Office Tower

Finland Finland — Niam has entered into an agreement to acquire a development project called Kalasataman Horisontti from listed construction company SRV. The 11,700 sqm project will – once completed – include Finland’s tallest office tower spanning 111 meters over 26 floors.

Senate Properties and SRV Sign Construction Agreement in Kuopio

Finland Finland — SRV selected to construct a new building for the National Repository Library in Kuopio.

SRV Appoints New EVP

Finland Finland — Construction Engineer Hannu Lokka, 59, has been appointed SRV Group's Executive Vice President, Strategic Project Development and a member of the Management Team as of 16 January 2023.

SRV Sells its Share of the Okhta Mall Shopping Center in Russia

Finland Finland — SRV and its Finnish co-investors have sold their holdings in Jupiter Realty 1 B.V., the company that owns the Okhta Mall shopping center in St. Petersburg, to the Cypriot real estate investment company Geomare Investments Limited. The sale is part of SRV's measures to withdraw from Russian businesses.

SRV to Build New Police Station and Prison in Jokiniemi

Finland Finland — New Vantaa Main Police Station and Vantaa Prison to be built in Jokiniemi.

SRV's Deputy CEO Resigns

Finland Finland — Timo Nieminen, Executive Vice President, Strategic Project Development, Deputy to CEO at SRV Group Plc, will retire by the end of January 2023.

Planned SRV Sale Will Not Be Realised

Finland Finland — The sale of SRV’s share in Fennovoima to RAOS Voima Oy will not be realised.

Union Investment Buys in Helsinki

Finland Finland — Union Investment has acquired a planned timber-framed office building in Helsinki from leading Finnish construction company SRV via a forward funding deal. It is one of the first projects in Finland to be aligned with the EU taxonomy. The acquisition is being made on behalf of institutional real estate fund UniInstitutional European Real Estate. The purchase price is around EUR 58 million.

SRV Gets Assignment from Senate Properties

Finland Finland — SRV is selected as the alliance partner of Senate Properties for the Oulu Main Police Station and Oulu Prison.

SRV to Start Construction of New Education Centre

Finland Finland — SRV and the City of Uusikaupunki have signed an agreement to start up the implementation phase of the new Wintteri education and well-being centre.

Historic Property in Kamppi to Be Renewed

Finland Finland — SRV and Föreningen Konstsamfundet r.f. have signed an agreement to build a unique entertainment centre called Kulttuurikasarmi, in Lasipalatsi Square in the Kamppi district of Helsinki.

SRV Appoints Two SVPs

Finland Finland — SRV Group appoints Miimu Airaksinen as SVP, Development, and Antti Nummi as SVP, Commercial.

DWS Expands Presence in Finland

Finland Finland — DWS acquires three residential projects of 257 units to be built in Helsinki, Espoo and Kerava from SRV for EUR 82M.

SRV to Build University Premises in Kumpula

Finland Finland — SRV to build the Helsinki School of Natural Sciences’ new premises in Kumpula for Helsinki University Properties.

A Busy Transaction Year to Expect for SRV

Finland Finland — Tuomas Kokkila, Head of Transactions at construction giant SRV, on the divestment to Julius Tallberg, office opportunities across Finland, and the effects on their business, due to the pandemic.

SRV to Renovate Historic Property in Helsinki

Finland Finland — SRV and Helsinki University Properties have signed an agreement on the basic renovation of Snellmania, which is located in Kruununhaka, Helsinki. The project management contract for the renovation of this culturally and historically significant building is valued at approximately EUR 12 million.

SRV to Extend Open Innovation House Property in Espoo

Finland Finland — SRV is starting up the construction of an extension to the Open Innovation House property in Otaniemi, Espoo. SRV’s share of the contract signed with special investment fund eQ Hoivakiinteistö is about EUR 25 million.

Possible Pandemic Effects on the Finnish Construction Market

Finland Finland — After the EUR 130 million order: Nordic Property News is trying to find out whether the construction market in Finland has been affected, in any way, due to Covid-19.

No Major Covid-19 Effects for the State-Owned Company

Finland Finland — Jonni Laitto, Construction Management Director at Senate Properties, tells Nordic Property News about the giant Helsinki project, how the latest months during the pandemic have been for the state-owned enterprise and the construction investment frame for the current year for Senate.