KONE to deliver elevators to Finland's tallest development in Helsinki

KONE Corporation, press release, December 1, 2015

KONE Corporation, a global leader in the elevator and escalator industry, has signed a contract with construction company SRV to deliver elevators and escalators to REDI, a mixed development located in the new Kalasatama district in Helsinki. The new multi-use building will house a shopping center, an underground car park, six residential towers as well as one hotel tower and one office tower. The REDI towers will feature up to 35 floors reaching a height of 132 meters making them the tallest in Finland.

KONE will deliver 61 elevators and 48 escalators and the order includes 26 KONE MiniSpace(TM) elevators, 17 KONE MonoSpace(TM) 700 elevators, 9 KONE Transys(TM) elevators and 9 KONE MonoSpace(TM) 500 elevators. Additionally, KONE will supply for REDI 38 KONE TravelMaster(TM) 110 escalators, 6 KONE TravelMaster(TM) 120 escalators as well as 4 TransitMaster(TM) 115 autowalks.

"REDI is a significant project for us in many ways. This order includes the fastest residential building elevators in Finland traveling at a speed of 5 m/s. The elevators in the towers feature tailored interiors designed by the architect. We are also exploring other KONE solutions with SRV to further smoothen people flow in this high-rise environment, including our smart destination control system," says Noud Veeger, Executive Vice President for KONE Central and North Europe.

"REDI is a unique high-rise hybrid development in Finland and we wanted to work with a partner with extensive experience in similar projects. Cooperation with KONE using their people flow solutions felt like a natural fit," says Juha Toimela, Managing Director of SRV Construction Ltd.

REDI is a destination and shopping hub in Helsinki, Finland, that combines modern living with urban culture in a brand new way. The REDI shopping center is expected to open in 2018. The residential towers will open in phases with first residents expected to be able to move in by 2018. The entire center is expected to be complete by 2023.

The first part of the order was booked in the fourth quarter of 2015.

For further information, please contact:
Liisa Kivelä, Director, Communications, KONE Corporation, tel. +358 204 75 4330, media@kone.com

About KONE
KONE is one of the global leaders in the elevator and escalator industry. KONE's objective is to offer the best People Flow® experience by developing and delivering solutions that enable people to move smoothly, safely, comfortably and without waiting in buildings in an increasingly urbanizing environment. KONE provides industry-leading elevators, escalators, automatic building doors and integrated solutions to enhance the People Flow in and between buildings. KONE's services cover the entire lifetime of a building, from the design phase to maintenance, repairs and modernization solutions. In 2014, KONE had annual net sales of EUR 7.3 billion, and at the end of the year over 47,000 employees. KONE class B shares are listed on the Nasdaq OMX Helsinki Ltd. in Finland.

www.kone.com