15.12.2015 Investor news

Caverion provides building systems for the renovation of two high-rises in Berlin, Germany

Caverion has started a large project on delivering building systems for the former GSW high-rises in Berlin, Germany. Caverion, together with UNDKRAUSS Baugesellschaft mbH Berlin, is acting as a technical general contractor responsible for the project execution. The value of the project is not disclosed.

The building systems will be renewed in conjunction with an extensive renovation of the high-rises. The renovation of the buildings, with a total surface area of 22,000 square meters, is scheduled to be completed in ten months. Caverion’s delivery covers the technical disciplines of ventilation and air-conditioning, cooling, heating and fire protection.

“The project is definitely challenging due to the short construction period. Furthermore it is demanding to coordinate the logistic processes of two parallel building refurbishments. As provider of all technical disciplines and thanks to our long experience in the renovation of complex high-rises, we are able to fulfill our clients’ demands in quality and timeliness,” says Werner Kühn, Executive Vice President & CEO, Division Germany of Caverion. “

The older one of the two office towers, with 17 floors, was originally completed in 1961 and it was one of the big construction projects in Berlin in the 1950’s. The newer building, with 21 floors, was opened in 1995 and its distinct, Berlin-known architecture of characteristic coloured façade elements has been awarded several times. After completion, the buildings will have over 2,000 modern workspaces and form the headquarters of German internet business company, Rocket Internet.

The work is expected to be finished by July 2016. This project is part of real estate owners and developers client segment.

Image of the building (source: SMV Bauprojektsteuerung Ingenieurgesellschaft mbH)

For more information, please contact: Holger Winkelsträter, Manager, External Communications, Caverion Germany, Tel. +49 89 374288 117, holger.winkelstraeter@caverion.de

Caverion designs, builds, operates and maintains user-friendly and energy-efficient technical solutions for buildings, industries and infrastructure. Our services and solutions are used in commercial and residential buildings and on industrial and public-sector properties, as well as in processes, ensuring business continuity, safety, healthy and pleasant surroundings, optimal performance and cost management. Our vision is to be a leading European provider of advanced and sustainable life cycle solutions for buildings and industries. Our strengths include technological expertise and comprehensive services, covering all technical disciplines throughout the entire life cycles of properties and industrial plants. Our revenue in 2014 was approximately EUR 2.4 billion. Caverion has about 17,000 employees in 12 countries in Northern, Central and Eastern Europe. Caverion’s shares are listed on NASDAQ Helsinki. www.caverion.com

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