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2016-08-29

Lemminkäinen: Lemminkäinen to build a residential complex to St Petersburg

LEMMINKÄINEN CORPORATION INVESTOR NEWS 29 AUGUST 2016 AT 1:30 P.M

LEMMINKÄINEN TO BUILD A RESIDENTIAL COMPLEX TO ST PETERSBURG

Lemminkäinen and Baltic Pearl, a Chinese developer, have signed a
contract on the construction of a comfort and business class
residential complex `Pearl Beach' in the city of St Petersburg in
Russia. Baltic Pearl is a subsidiary of Shanghai Overseas United
Investment Holding Co., Ltd. The project will start in September 2016
and is scheduled for completion in June 2019. The parties have agreed
not to disclose the value of the contract.

The contract includes the construction of a residential complex
comprising six buildings, totalling 936 apartments and underground
parking for 720 vehicles. Commercial premises will be located on the
first floor. The gross volume of the project is 112,400 square
metres.

`Pearl Beach' will be located in a residential area called Baltic
Pearl in the southwestern district of St Petersburg. In the future,
over 30,000 inhabitants will reside in this 205 hectares area.

LEMMINKÄINEN CORPORATION
Corporate Communications

ADDITIONAL INFORMATION:
Juha Kukkola
SVP, Russian operations business segment
Tel. +7 812 718 3486
juha.kukkola@lemminkainen.com

DISTRIBUTION:
Key media
www.lemminkainen.com

Lemminkäinen is an expert in complex infrastructure construction and
building construction in Northern Europe and one of the largest
paving companies in its market. Together with our customers and 4,800
professionals we employ, we build a sustainable society. In 2015, our
net sales were EUR 1.9 billion. Lemminkäinen Corporation's share is
quoted on Nasdaq Helsinki Ltd. www.lemminkainen.com

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