History of the Company
In the beginning of the year the company started the development of the shopping center concept for the property in Krasnogorsk and other cities of Russia.
For Obnimi shopping center SRV develops marketing concept, promotes the projects and provides marketing support.
In September, REDI shopping center is opened in Helsinki. The total project cost is equal to EUR 1.2 bln. This project is unique for Finland.
In December, Patrik Sjoberg advances to the position of SRV Regional director for Russia.
SRV updates its brand, with yellow becoming the main colour of the company.
In April, shopping center 4DAILY is opened in the town of Mytischi. The project is implemented in cooperation with the TRINFICO Investment Group and Vicus GC.
In February, Patrik Sjoberg is appointed the Executive director for SRV shopping center operation in Russia.
In August, SRV Group opens one of its largest projects for visitors – Okhta Mall SEC in St. Petersburg.
In December, Anders Liljenstolpe is appointed SRV regional director for Russia.
In Russia, SRV Group is contracted to manage the "A" class business center Eightedges in the center of St. Petersburg.
Juha Pekka Ojala is appointed the President of SPV Group.
Construction of the Solo Sokos Hotel Torni in Tampere is completed. The modern 88-meter-high tower hotel is combined with the building of an old locomotive depot.
In August, the first stage of Pearl Plaza shopping center is opened. Modern Finnish technologies allowed to reduce the expenses for concrete and to speed up the pace of construction.
In October, SRV launches construction of the first stage of the Septem City MUC – Okhta Mall SEC in St. Petersburg.
Together with the Elo Mutual pension insurance company, SRV launches the project of the highest hotel in Finland – Torni Tampere.
SRV Business Premises Oy (formerly SRV Viitoset Oy) and SRV Asunnot Oy (formerly Arvo Westerlund Oy) are merged into one company – SRV Rakennus Oy.
Having won in the tender competition, SRV signs a 10-year agreement with the city of Helsinki to operate the Kalasatama project.
In Russia, in cooperation with the Shanghai Industrial Investment Company Ltd, the SRV Group launches a large-scale project on construction of the Pearl Plaza shopping center in the South-West of St. Petersburg.
Yukka Hienonen is appointed the President of SRV Group.
In Russia, SRV starts the project of Park Inn Sheremetyevo hotel renovation in Moscow.
In September, a merger of the SRV Personnel and the SRV Group companies takes place. The SRV Group enters the Helsinki stock exchange, it is engaged in the construction of the Neste head office and HTC Keilaniemi office buildings.
In Russia, SRV performs work on the expansion of the Expoforum congress and exhibition complex. The expansion area is 4,100 square meters.
In the same year, construction of Little Finland housing project is launched in Vyborg, the Leningrad Region. Bazen business center in St. Petersburg, owned by SRV, is put into operation.
In April, SRV sells its Kamppi shopping center in Helsinki.
Retail premises are bought by the British investment company Boultbee and the Royal Bank of Scotland. The deal value is equal to EUR 345 mln.
Office premises are sold to the German company Aareal Immobilien Kapitalanlagegesellschaft mbH.
SRV implements Russia’s first ever project of the Park Inn hotel in Ekaterinburg.
The company launches the construction of the Kamppi Keskus shopping center in Helsinki. The ambitious project aims to unleash the potential of the Kamppi bus terminal through parallel location of residential and office buildings as well as retail premises next to it.
At the same time, the company continues with its activity in Russia: SRV builds and sells Etmia business center in Moscow. The area of the business center is 3,600 square meters.
The SRV Group is split into two companies – SRV Group Plc and Pontos Baltic Holding Oy.
A contract for the construction of a transport hub and a Kamppi Keskus shopping center is signed. It will subsequently become one of the busiest terminals in the Nordic countries (with the daily traffic of about 200,000 people).
SRV enters the market of St Petersburg. The company acquires an unfinished building of a two-level supermarket and uses its basis to build the first Finnish supermarket Super Siva.
SRV establishes a subsidiary SRV Terbelat in Latvia.
The SRV expands the geography of its activity through acquisitions of such companies as Teräsbetoni Oy, Turun Rakennusryuok Oy, Arvo Westerlund Oy and Tehorakentajat Oy and launches several regional projects at once. In the Kaluga Region, they built a plant for Stora Enso, the Finnish wood and paper group, and in the Tver Region, following the order of the Ahlstrom Glassfibre Oy Corporation, they erected a plant for the production of fiberglass.
At the same period, SRV establishes joint ventures in Estonia (Eesti Ehitus, Finest, Estconde), Moscow (Hemos) and Hungary (Finnova).
In 1987, Kari Filppula, Jorma Haapamyaki, Ilpo Kokkila, Eero Nuutinen and Kalevi Hyarkёnen established a construction company and call it "Viitoset" – which means the "Five", in accordance with the number of its founders. This is how SRV Viitoset has emerged. The abbreviation "SRV" in the name of the newly created company stands for "Construction Exports of Finland". The first project of the company becomes construction of a meat processing plant in the town of Rakvere, Estonia (USSR).