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UPM sells its Jyväskylä plywood mill site and premises to Redeve Oy

Press Release 9.4.2021 12:00 EEST

UPM sells its Jyväskylä plywood mill site and premises, located in Säynätsalo, Jyväskylä in Finland, to real estate developer Redeve Oy. The transaction was completed today, and the ownership of the real estate was transferred to Redeve immediately. At the same time, businesses currently renting premises on the site, will become tenants of Redeve.

“We are delighted to find a buyer for the mill site so quickly. The site has been developed as a business district already while the plywood mill was operating. We have had successful co-operation with Redeve also earlier and we believe this good news for the further development of the site”, says Jaakko Kaijalainen, Property Manager at UPM.

Redeve has earlier bought the Myllykoski mill site and the Voikkaa business district from UPM and operates business districts on both locations. Same is being planned also for Säynätsalo.

“The location of Säynätsalo in the vicinity of downtown Jyväskylä is logistically excellent. The industrial infrastructure is in good condition enabling new businesses to establish their operations quickly. There is also a fair amount of space suitable for warehousing”, says Jari Lahtinen, CEO of Redeve Oy.

Plywood manufacturing at UPM Jyväskylä plywood mill was ceased in 2020. Dismantling of machinery, equipment and other systems of the plywood mill continues still. According to the transaction, dismantling needs to be finalised by the end of September.

For further information please contact:
Jaakko Kaijalainen, Property Manager, UPM, jaakko.kaijalainen@upm.com, tel. +358 204 146 022
Jari Lahtinen, CEO, Redeve Oy, jari.lahtinen@htj.fi, tel. +358 50 327 4890

UPM, Media Relations
Mon-Fri 9:00-16:00 EET
tel. +358 40 588 3284
media@upm.com

UPM
We deliver renewable and responsible solutions and innovate for a future beyond fossils across six business areas: UPM Biorefining, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Communication Papers and UPM Plywood. As the industry leader in responsibility we are committed to the UN Business Ambition for 1.5°C and the science-based targets to mitigate climate change. We employ 18,000 people worldwide and our annual sales are approximately EUR 8.6 billion. Our shares are listed on Nasdaq Helsinki Ltd. UPM Biofore – Beyond fossils. www.upm.com

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