Porthania Renovation Project Enters Implementation Phase – SRV Begins Construction
SRV Group Plc has signed the implementation phase agreement for the Porthania renovation project. Construction work will now commence. The project's value for SRV is approximately EUR 38 million.
SRV Group Plc has officially entered the implementation phase of the Porthania renovation project, having signed the agreement with University Properties of Finland and LPR Architects. SRV will serve as the main contractor within the alliance.
Construction is scheduled to begin in October 2026, with the implementation phase valued at approximately EUR 38 million for SRV. This sum will be recorded in the company's order backlog for October 2026. The alliance model facilitates collaboration throughout all stages of the project.
Porthania is one of the key campus buildings for the University of Helsinki. The renovation aims to modernize the facilities to meet contemporary teaching and research needs while preserving the building's historical significance.
This project aligns with SRV's strategic objectives for growth in demanding new construction and renovation projects. The company has a history of completing significant public and commercial property developments.