Lehto Group Plc signed an agreement to build Finnish headquarters and sizeable warehouses for power tool manufacturer Makita in Rykmentinpuisto area in Tuusula. The premises are built on two floors and the building complex comprises a total of more than 24,000 square meters. The largest sections in the building are storage spaces, but the premises will also include offices, showroom, demo area and maintenance facilities. The building uses ecological geothermal heat for heating and ground cooling for cooling. Additionally there will be solar panels on the site. Construction is estimated to start in the summer of 2023 and it is estimated to be completed at the end of 2024.
The agreement has no significant impact on Lehto's 2023 financial result or financial position. The net sales and margin of the project are booked along with the completion rate of the project.