Energia Kiinteistöt and Osuuskunta PPO into co-operation

PRESS RELEASE

PPO sopimus

Energia Kiinteistöt and Osuuskunta PPO into co-operation

Northern Finnish development companies Energia Kiinteistöt Oy and Osuuskunta PPO joined forces for the needs around Pyhäjoki nuclear power plant project. The intention of the co-operation is to provide together innovative real estate solutions.

Onninen Oy to Pyhäjoki

As the first joint project about 1000 m2 premises are being built for Onninen Oy in Ollinmäki industrial area. Onninen will move into the new premises in the beginning of May. Energia Kiinteistöt operates as the developer and the owner. Osuuskunta PPO is financier together with banks.

- The construction of Ollinmäki area has started well. Energy Tower office building was built earlier together with Pyhäjoki municipality and it is already fully leased. New projects are on the drawing table. Demand for different types of premises seems to increase simultaneously as the work progresses at the power plant site, the Chairman of the Board of Energia Kiinteistöt Oy, Tuomas Hirvonen commented.

PPO is interested in Pyhäjoki

Pyhäjoki nuclear power plant project is one of the largest construction projects in Europe. It creates a lot of new business into Northern Finland.

- PPO has already for some time looked for investment opportunities around Pyhäjoki nuclear power plant. The premises for Onninen are a good start creating base for wider co-operation with Energia Kiinteistöt, says Kati Peltomaa, the CEO of Osuuskunta PPO. 

Energia Kiinteistöt Oy is a Northern Finnish real estate development company. First projects are situated in Pyhäjoki, where Fennovoima has Hanhikivi 1 -nuclear power plant constructed. The entrepreneur team of the company has strong experience and local expertise. The company is owned by Jukka Juola, Tuomas Hirvonen, Markku Kankaala and Jari Pirinen.

Osuuskunta PPO is an investment and development cooperative society operating in the regions of Pohjois- and Keski-Pohjanmaa. It creates value for its members and vitality to the region. The cooperative society PPO is owned by its over 26 000 members. PPO's investments assets are over 100 million euros. In 2015 PPO reached 9,6 million euros profit from its investment activities. 

Additional information:
Osuuskunta PPO, CEO Kati Peltomaa tel. +358 44 729 1220
Energia Kiinteistöt Oy, Chairman of the Board, Tuomas Hirvonen, tel. +358 50 368 6866