Regenero, a JV formed by YIT and HGR, signed a tenant agreement with the City of Espoo for premises at Tietotie 6 property in Espoo in Finland
YIT Corporation Investor News March 5, 2018 at 09:00 a.m.
Regenero, a joint venture formed by YIT and HGR Property Partners, has signed an agreement with the City of Espoo to lease premises in the Tietotie 6 office property in Otaniemi, Espoo in Finland. The premises to be leased are approximately 11,000 square metres, and along with the agreement, the occupancy rate of the whole property will rise to approximately 42 percent. The rented premises will be utilised by the administration of the City of Espoo.
Tietotie 6 office property will be renovated to modern office premises. The alteration and demolition work to prepare the renovation was started already during 2017. The actual renovation work will be started in March and the it will be completed in phases in August 2018 and January 2019. The property space to be rented is approximately 26,000 square metres in total. The property is located close to good transportation connections next to the new Aalto university metro station.
For further information, please contact:
Hanna Jaakkola, Vice President, Investor Relations, YIT Corporation, tel. +358 40 5666 070, email@example.com
Juha Kostiainen, Executive Vice President, Urban Development, YIT Corporation, tel. +358 400 721 475, firstname.lastname@example.org
Vice President, Investor Relations
Distribution: Nasdaq Helsinki, major media, www.yitgroup.com
YIT is the largest Finnish and significant North European construction company. We develop and build apartments, business premises and entire areas. We are also specialised in demanding infrastructure construction and paving. Together with our customers our 10,000 professionals are creating more functional, more attractive and more sustainable cities and environments. We work in 11 countries: Finland, Russia, Scandinavia, the Baltic States, the Czech Republic, Slovakia and Poland. The new YIT was born when over 100-year-old YIT Corporation and Lemminkäinen Corporation merged on February 1, 2018. Our combined annual revenue for 2017 was over EUR 3.8 billion. YIT Corporation's share is listed on Nasdaq Helsinki Oy. www.yitgroup.com