SRV wins €100M contract for Tapiola’s expansion project in Finland

WCN Editorial Team 1 Jul 2016 EUROPE BUILDINGS

Finnish construction firm SRV has secured a €100M contract for the expansion of the centre of Tapiola in Espoo, Finland.

Under the contract, SRV will be responsible for the provision of the project management services for LocalTapiola Real Estate Asset Management’s Ainoa and Kirjokansi project, where the Tapiola Centre’s renovation project will run until 2020.

SRV served as LocalTapiola's project management contractor during the second construction phase of the Ainoa shopping centre and the Kirjokansi apartments.

In the third and final construction phase, a new business building will be constructed in central Tapiola, complemented by two new blocks of Kirjokansi flats with a total of 106 apartments.

Work will start with the demolition of the existing Stockmann department store building, which will be replaced by 20,000sq m of new business premises.

SRV’s vice president of business operations in Finland Juha Toimela said: “Tapiola is one of the most important centres of Espoo. We are delighted that LocalTapiola has selected us to continue the expansion of Tapiola's central block.

“Cooperation between LocalTapiola and the SRV's project team has been excellent and the project has remained on schedule. Furthermore, the recent growth in our long-term order backlog is a good indicator of the functionality and scalability of the SRV Approach.”

The third phase of the Ainoa shopping centre is expected to be complete in late 2019 and the housing unit will be finished in 2020.

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