Lehto Group Plc
Insider information
11 March 2021 at 6.00 p.m. (EET)
Lehto Group Plc’s subsidiary Lehto Tilat Oy has been selected to design and
implement a new multi-space office building in Tikkurila, Vantaa as a turnkey
project. The tendering process was organised using a public procurement
negotiated procedure.
The hybrid project consists of two components: A multi-space office building for
VTK Kiinteistöt Oy (a real estate company owned by the City of Vantaa), which
will contain business premises on the ground floor, premises for the City’s use
and an underground parking facility; and residential housing construction for
Lehto. The gross area of the multi-space office building will be about 23,000 m²
and the floor area of the residential component will be about 6,000 m².
Lehto’s contract price for the multi-space office building will be approximately
EUR 58 million. In addition to this, Lehto will build a developer-contracted
project encompassing about 100 housing units. Construction work is expected to
begin in 2022 and the project is scheduled for completion in 2025.
This project will have no impact on the outlook for 2021 previously published by
the Lehto Group.
“In Lehto’s opinion, it’s a pleasure to be able to develop the centre of
Tikkurila. In this project, Lehto’s expertise will come into its own, as
cooperation between our company’s various service areas will enable us to
provide a comprehensive solution to support the city’s residents. The City is
investing in the business premises and Lehto will be building the residential
component as a developer-contracted project,” says Hannu Lehto, Lehto’s CEO.
The eventual realisation of the project may be affected by various factors
related to decision-making in public procurement, such as demands for
rectification or complaints made to the Finnish Market Court.
Further information in English:
Veli-Pekka Paloranta, CFO, Lehto Group Plc, +358 400 944 074
Lehto Group PLC:
Lehto is an innovator in the construction sector. We build housing, business
premises, care homes and schools. In addition, we carry out pipeline renovations
in apartment buildings. Our goal is to transform our industry – to build faster,
at a more affordable price and with higher quality. Lehto’s approach to
construction is in line with the megatrends in the sector: industrial
prefabrication, digitalisation and ecology.