Introduction to SRV's Espoo Project

SRV, a leading Finnish project management contractor, has recently signed a contract to build 50 residential units in Espoonlahti, Espoo, Finland. This project is part of SRV's ongoing efforts to develop sustainable and responsible urban environments. SRV is known for its expertise in developing and constructing commercial, residential, and infrastructure projects, focusing on lifecycle-wise construction that supports environmental sustainability and financial viability.

About SRV

SRV Group Plc is a Finnish company that specializes in project management contracting. It has a strong presence in the Finnish construction industry, with a focus on developing sustainable and lifecycle-wise buildings. SRV's strategy includes enhancing customer satisfaction, improving operational efficiency, and ensuring a strong financial position. The company has successfully exited its Russian operations and is now concentrating on high-margin projects in Finland.

The Espoo Residential Project

The Espoonlahti project in Espoo marks another significant step in SRV's residential development portfolio. Espoo, being one of the largest cities in Finland, offers a high demand for quality housing. This project aligns with SRV's goal of providing sustainable living solutions while contributing to the growth of Espoo's residential sector.

Key Features of the Project:

• Location: The project is located in Espoonlahti, a desirable area in Espoo known for its scenic views and proximity to Helsinki.
• Sustainability: SRV aims to incorporate sustainable building practices, aligning with its lifecycle wisdom strategy.
• Residential Units: The project includes 50 right-of-occupancy units, catering to diverse housing needs in the region.
• Energy Efficiency: The units are expected to be designed with energy efficiency in mind, reflecting SRV's commitment to environmentally friendly construction.

SRV's Commitment to Sustainability

SRV's projects are designed with sustainability at their core. The company emphasizes the importance of environmental, human, and financial sustainability in all its developments. This approach not only enhances the quality of life for residents but also supports the broader goal of achieving carbon neutrality in urban environments.

Examples of Sustainable Projects:

• Wood City Quarter: SRV completed the Wood City quarter in Helsinki, which features extensive use of wood in construction, reducing carbon footprint and promoting sustainable urban development.
• WithSecure Headquarters: SRV developed the headquarters of WithSecure, a project that complies with the new EU taxonomy and has a significant carbon handprint, showcasing SRV's expertise in lifecycle-wise construction.

Market Impact and Future Prospects

The Espoonlahti project is expected to positively impact the local real estate market by providing high-quality residential options. SRV's focus on sustainable construction aligns with the growing demand for environmentally responsible housing solutions. This project, along with other ongoing developments, positions SRV as a leader in Finland's construction sector.

SRV's Growth Strategy:

• Diversified Portfolio: SRV continues to diversify its project portfolio, including residential, commercial, and infrastructure developments.
• Operational Efficiency: The company has improved project controllability, enhancing customer satisfaction and operational efficiency.
• Financial Performance: SRV anticipates growth in revenue and operative operating profit, reflecting its strong financial position and strategic focus.

Conclusion

SRV's contract to build 50 residential units in Espoonlahti, Espoo, underscores its commitment to sustainable urban development and its role as a major player in Finland's construction industry. As SRV continues to expand its residential offerings, it reinforces its position as a leader in lifecycle-wise construction, supporting both environmental sustainability and financial viability.

Additional Projects by SRV

SRV is involved in several other significant projects across Finland, including:

• Varma Residential Units: SRV is building 128 residential units for Varma in Niittykumpu, Espoo.
• Kruunuvuorenranta Service Block: The company is constructing a service block in the Kruunuvuorenranta district of Helsinki, which includes a school and daycare center.
• Hangonsilta Multipurpose Arena: SRV is developing a multipurpose arena in Hangonsilta, Hyvinkää, with the project currently in its development phase.

These projects demonstrate SRV's diverse capabilities and its contribution to Finland's urban infrastructure and residential landscape.

Future Outlook

As SRV continues to execute its strategy of focusing on high-margin projects and sustainable development, it is well-positioned for future growth. The company's emphasis on customer satisfaction, operational efficiency, and financial stability ensures that it remains competitive in the Finnish construction market.

SRV's Customer Satisfaction and Operational Efficiency

SRV has achieved high customer satisfaction ratings, with a Net Promoter Score (NPS) of 78, reflecting its commitment to delivering quality projects. The company's operational efficiency is further highlighted by its ability to complete projects with zero errors, as seen in recent apartment building handovers.

Conclusion on SRV's Strategy

SRV's strategy is centered around lifecycle wisdom, ensuring that its projects are sustainable from environmental, human, and financial perspectives. This approach not only supports SRV's growth but also contributes to the development of sustainable urban environments in Finland.