Finnish developer SRV has entered into an agreement for the execution phase of the northern section of Laakso Joint Hospital’s main building in Finland.

The development team comprises real estate company Kiinteistöosakeyhtiö Laakson yhteissairaala, the Laakson LATU consortium, the Unitas consortium, and civil engineering company Granlund.

The main building of Laakso Joint Hospital is roughly 95,000 gross square metres and its northern portion is approximately 58,000 gross square metres.

The estimated worth of this order is €230m ($251.68m), with SRV’s share being roughly €218m.

SRV will enter this project in its order backlogs for November this year.

The order is part of a contract worth about €800m for the Laakso Joint Hospital project, which will be registered in SRV’s order backlog when orders for each phase are placed between 2022 and 2030.

Construction work on this northern part is set to begin next month and is estimated to be completed in December 2026.

SRV Helsinki Metropolitan Area Business Premises unit director and Laakso Joint Hospital Alliance project manager Ossi Inkilä said: “The development phase of the main building has progressed excellently by all measures.

“The goals for the first part have been achieved despite the challenging market situation. We are once again one step closer to the project’s mission, ie the best possible hospital of the future for patients, customers and employees, as well as for research and teaching.

“Next month, the project will enter the long-awaited implementation phase of the main building.”