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Daily Newsletter

09 December 2024

Daily Newsletter

09 December 2024

SRV wins €60m service block project in Helsinki

The sustainable service block will provide facilities for primary and lower secondary school children, among other features.

sathya December 06 2024

SRV has been awarded a significant contract by the City of Helsinki to construct a comprehensive service block in Kruunuvuorenranta, with a total value of approximately €60m ($63.28m).

This project is claimed to underscore SRV's leadership in collaborative contracting and will be progressively entered into the company's order backlog.

The City of Helsinki selected SRV for the project management contract in March 2024.

However, the commencement of the building was postponed from the initial schedule due to an appeal regarding street construction and the discovery of a small stream nearby.

The revised timeline indicates that construction will begin in early 2025, with the completion of the new school and daycare centre expected by mid-2027.

The service block is designed to be a hub for the community, providing facilities for primary and lower secondary schools teaching in both Finnish and Swedish, youth facilities, and support premises for a playground.

It will serve approximately 950 children, including 700 Finnish-speaking pupils from grades one to nine, 200 Swedish-speaking pupils from grades one to six, and 50 preschoolers.

The service block will cover a gross floor area of approximately 17,000m². The design will feature modular blocks, with additional informal plans for sports facilities and commercial services in the vicinity.

Sustainability is a cornerstone of the Kruunuvuorenranta service block construction, aligning with the City of Helsinki's targets for ecologically sustainable construction.

The project will incorporate measures for waste sorting, recycling, and climate resilience. The building, expected to achieve an energy class A rating, will use geothermal energy for heating and cooling and will be equipped with a solar power system to contribute to its electricity supply.

The architectural design was selected through a competition held in 2020, with Huttunen-Lipasti Architects emerging as the winner.

SRV Helsinki Metropolitan Area Business Premises unit director Marko Räisänen said: “We are delighted that the Kruunuvuorenranta service block is advancing from the procurement decision in the spring to the actual agreement phase, and we can start driving this important project towards implementation.

"The collaborative project management model is ideal for this project: we will work together to find the best solutions to implement the project sustainably, taking into account the environment, safety and efficiency. We will contribute our substantial expertise in developing and building life cycle-wise learning environments throughout Finland”

China Construction Market Overview

GlobalData estimates the Chinese construction industry to record a growth in real terms of 2.9% in 2024, supported by investment in the infrastructure, and energy sectors. In October 2024, the government announced plans to allocate CNY200 billion ($27.9 billion) for major construction projects to support the country’s economy. However, a continued weakness in the residential sector and a fall in FDI and real-estate investment are expected to pose downside risks in the short to medium term.

China Construction Market Overview

GlobalData estimates the Chinese construction industry to record a growth in real terms of 2.9% in 2024, supported by investment in the infrastructure, and energy sectors. In October 2024, the government announced plans to allocate CNY200 billion ($27.9 billion) for major construction projects to support the country’s economy. However, a continued weakness in the residential sector and a fall in FDI and real-estate investment are expected to pose downside risks in the short to medium term.

China Construction Market Overview

GlobalData estimates the Chinese construction industry to record a growth in real terms of 2.9% in 2024, supported by investment in the infrastructure, and energy sectors. In October 2024, the government announced plans to allocate CNY200 billion ($27.9 billion) for major construction projects to support the country’s economy. However, a continued weakness in the residential sector and a fall in FDI and real-estate investment are expected to pose downside risks in the short to medium term.

China Construction Market Overview

GlobalData estimates the Chinese construction industry to record a growth in real terms of 2.9% in 2024, supported by investment in the infrastructure, and energy sectors. In October 2024, the government announced plans to allocate CNY200 billion ($27.9 billion) for major construction projects to support the country’s economy. However, a continued weakness in the residential sector and a fall in FDI and real-estate investment are expected to pose downside risks in the short to medium term.

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