Suomen Hoivatilat Oyj: First projects to start in Sweden

Suomen Hoivatilat Oyj

Stock exchange release 26 March 2019 02:30 pm EET

First projects to start in Sweden

Hoivatilat AB has gotten off to a strong start in Sweden. The company has now won three contracts for preschool projects in Eskilstuna, Ronneby and Norrtälje. Their total investment value is approximately EUR 11 million. The final lease contracts will be signed during this spring. All three of the day care centres will be completed in 2020. "We are looking forward to continue our expansion through long-term investments in community service properties in Sweden", says Maria Frid, CEO of Hoivatilat AB.

"I'm really glad that our operations in Sweden have taken off quickly and that we have been so positively received there. This means we can also recruit more staff in Sweden this year", says Hoivatilat's CEO Jussi Karjula.
                          
Hoivatilat has had a very good year so far on the Finnish market as well. The company has already won contracts for a total of about EUR 30 million in Finland this year. Over half of these are for leased facilities for municipal tenants: a school project in Mikkeli and day care centres in Oulu, Rovaniemi and Vaasa.

For further information, please contact:

Jussi Karjula, CEO, Suomen Hoivatilat Oyj, tel. +358 40 773 4054, [email protected]
Maria Frid, CEO, Hoivatilat AB, tel. +46 70 462 44 55, [email protected]

SUOMEN HOIVATILAT OYJ

Suomen Hoivatilat in brief:

Suomen Hoivatilat specialises in producing, developing, owning and leasing out daycare centre and nursing home premises, service communities and schools. Hoivatilat was established in 2008 and cooperates with around 60 Finnish municipalities. It has started approximately 180 real estate projects throughout Finland.