YIT has entered into an agreement with the City of Espoo, Finland, on the construction of the Karhusuo school centre’s primary and secondary schools

YIT Corporation Press Bulletin April 16, 2018, at 10:30 a.m.

YIT has entered into an agreement with the City of Espoo, Finland, on the construction of the Karhusuo school centre’s phases 2 and 3. The contract covers the construction of both a primary and a secondary school as a design-build project. Planning for the project is underway, and construction will commence with the demolition of the old school building and with earthworks once the school year ends in June 2018. The new school will be completed in May 2020. The budget is approximately EUR 21 million, which will be entered into the order backlog once a construction permit has been granted that is estimated to take place in the third quarter of 2018.

The new school will have an estimated total of 7,000 m2, and will house approximately 700 pupils. The new building will replace the old comprehensive school building, which suffered from poor indoor air quality.

”Our co-operation with the City of Espoo has been great in the construction and renovation of school buildings, and we are happy to implement the Karhusuo school centre as a high-quality, modern learning environment,” says Kari Alavillamo, YIT Head of Business Premises business division.

For additional information, please contact:

Kari Alavillamo, YIT Facilities, tel. +358 (0)40 519 0059, kari.alavillamo@yit.fi

Hanna Malmivaara, YIT Vice President, Communications, YIT Corporation, tel. +358 (0)40 561 6568, hanna.malmivaara@yit.fi

YIT CORPORATION

Distribution: Main media channels, www.yitgroup.com/fi 

YIT is the biggest construction company in Finland and a major player in Northern Europe. We construct and develop apartments, business premises and entire residential areas. Furthermore, we are specialists in infrastructure construction and paving. Together with our customers, our 10,000 professionals create increasingly functional, appealing and sustainable cities and living environments. We have operations in 11 countries: Finland, Russia, Scandinavian and Baltic countries, the Czech Republic, Slovakia and Poland. The new YIT was created by the merger of YIT Corporation and Lemminkäinen Corporation, both over 100 years old, on February 1, 2018. In 2017, our pro forma revenue amounted to over EUR 3.8 billion. YIT Corporation’s share is listed on Nasdaq Helsinki. www.yitgroup.com  

About Us

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 pro forma revenue for 2017 was over EUR 3.8 billion. YIT Corporation's share is listed on Nasdaq Helsinki Oy. www.yitgroup.com

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