Helsinki, 2013-09-23 11:00 CEST (GLOBE NEWSWIRE) -- Caverion Corporation Investor News 23 September 2013 at 12
Caverion designs and executes building systems for the service home for the elderly in Espoo, Finland
Caverion has signed an agreement with YIT on the design and execution of building systems for a residential building that offers service and rental housing, to be built by YIT in Espoo, Finland.
The value of Caverion’s contract is approximately EUR 2 million. The contract includes all building systems and a sprinkler system. The total value of the entire building project is approximately EUR 14 million.
Construction will begin in November–December and the Kaivomäki service home is estimated to be completed in February 2015.
The two bottom floors of the service home will house a group home offering intensive service housing for the elderly. These premises have already been rented out to Mainio Vire Oy with a long-term tenancy agreement. In addition, three floors will have approximately 40 senior and service housing apartments to be rented out to senior citizens and the elderly.
In the design and execution of building systems, special attention will be paid to the accessibility of the premises, a good indoor environment and the special requirements of the service home operations.
The service home has been commissioned by the recently established Pohjola Asuntorahasto I Ky fund managed by Pohjola Kiinteistösijoitus Oy.
Additional information: Riku Mandelin, Business Division Director, Caverion Suomi Oy, tel. +358 40 840 2480, riku.mandelin@caverion.fi
Caverion designs, builds and maintains user-friendly and energy-efficient building systems and offers industrial services. Our services are used in offices and retail properties, housing, public premises and industrial plants, among other places. We aim to be the number one building systems company in Europe. Our strengths include technological competence and customer-oriented service, covering all building systems throughout the life cycle of the property. Caverion was established through the demerger of building services and industrial services businesses from YIT Group in July 2013. Our revenue for 2012 amounted to approximately EUR 2.8 billion. Caverion has over 18,000 employees in 13 countries in Northern and Central Europe. Caverion’s shares are listed on NASDAQ OMX Helsinki. www.caverion.com