YIT has started a residential project in Lytkarino, Moscow Oblast, Russia

YIT CORPORATION Press release, April 13, 2018, at 9:00 a.m.

YIT has started construction of a new residential project in Russia, in Lytkarino, Moscow Oblast.

Divided into three sections, the 17-storey apartment building complex will comprise 306 apartments ranging from studios to two-bedroom apartments. Construction will be completed in July 2019.

The value of the project is approximately EUR 13.5 million and it will be entered for the first quarter of the year.

The project is located close to water, wooded park, modern sport facilities, schools and other services. The area is easily accessible from Moscow.

Related news:
YIT Corporation brings Moscow residents together already at the construction phase

Further information:

Teemu Helppolainen, Head of the Housing Russia Segment, YIT Construction Ltd, tel. +7 915 316 8216, teemu.helppolainen@yit.ru

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

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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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