SRV GROUP PLC INVESTOR NEWS 20 DECEMBER 2024 9:00 EET
SRV will implement right-of-occupancy housing units for Vaso in Kuloistenniitty, Raisio – the units will have an energy class A rating
SRV and Varsinais-Suomen Asumisoikeus Oy (Vaso) have signed an agreement for a right-of-occupancy housing project comprising two blocks of flats in Kuloistenniitty, Raisio. It will be carried out as a turnkey contract, including the design and construction of the project. The agreement is valued at EUR 13.6 million. The project will be recorded in SRV's order backlog for December.
The construction of As Oy Raision Keisarinviitta and As Oy Raision Hohtosini will be started up immediately in January 2025. The buildings will be completed in summer 2026 at Perhosenkatu 3 and 5. The project will build two six-storey blocks of flats, with a total of 74 tenancy entitlement housing units and shared social and yard areas. In addition to comfort, project planning focuses particularly on energy efficiency. The units will have an energy class A rating. The buildings will also feature electric car charging stations.
“We’re very excited to build right-of-occupancy housing units for Vaso in Raisio. Kuloistenniitty is a rising new residential area at the border of Raisio and Turku. We believe that it will develop into one of the most desired residential areas. SRV also plans to build two developer-contracted housing construction projects in this area. The launch of this right-of-occupancy housing project in Kuloistenniitty is especially important for us in terms of not only the startup of our other projects in the area, but also our anticipated return into the Turku housing construction market. Going forward, we seek to keep stepping up our investments in housing production in the Turku region, both through our own housing production and also by means of different kinds of housing construction contracting, such as by implementing homes funded by the Housing Finance and Development Centre of Finland (ARA),” says Jukka Aaltonen, Regional Director, Southwest Finland at SRV.
"Vaso sees the properties now under construction in Kuloistenniitty as a great opportunity to offer new, easily accessible homes with good services to our residents," says Maria Aspala, CEO of Vaso. "The identity of Kuloistenniitty is still taking shape, but now all the prerequisites for a highly sought-after residential area are in place. Well-functioning public transport, outdoor terrain that starts at your doorstep, two large shopping centres next door and the area's developing own services are perfect for meeting the housing wishes of our residents," says Maria Aspala.
Additional information:
Jukka Aaltonen, Regional Director, Southwest Finland, SRV, tel. +358 (0)40 198 1284, jukka.aaltonen@srv.fi
Heidi Tetteh, Communications Manager, SRV, tel. +358 (0)40 662 3220, heidi.tetteh@srv.fi
Maria Aspala, CEO, Varsinais-Suomen Asumisoikeus Oy, +358 (0)400817950, maria.aspala@vaso.fi
Image used in the bulletin: ARCO Architecture Company Oy
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SRV in brief
SRV is a Finnish developer and innovator in the construction industry. We are building a more sustainable and responsible urban environment that fosters economic value and takes the well-being of both the environment and people into consideration. We call this approach life-cycle wisdom. Our genuine engagement and enthusiasm for our work comes across in every encounter – and listening is one of our most important ways of working. We believe that the only way to change the world is through discussion.
Our company, established in 1987, is listed on the Helsinki Stock Exchange. We operate in growth centres in Finland. In 2023, our revenue totalled EUR 610 million. In addition to approximately 800 in-house staff, we have a network of around 3,300 partners.
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