YIT sells the Avia Line III office premise in Vantaa, Finland

INVESTOR NEWS                 NOVEMBER 2, 2015 AT 2:00 P.M.

 

YIT sells the Avia Line III office premise in Vantaa, Finland

YIT has signed an agreement on the sale of Avia Line III office premise located in Vantaa to non-UCITS Fund OP-Vuokratuotto. The total value of the agreement is over EUR 8 million. Avia Line III was completed in summer 2013 and around 80% of its leasable area of around 3,300 square metres has been leased.

Avia Line III is part of Avia Line –office building complex located in the vicinity of Helsinki-Vantaa airport, in the centre of Aviapolis business cluster with good transport connections. The space solutions in Avia Line are designed to adapt according to the needs of the user. Special attention has been paid into functionality of the premises and the acoustics, which means that spaces are well suited for open-plan office. Avia Line III has also been awarded platinum-level LEED certification.

 “The flexibility and functionality of Avia Line III make it a modern property that complements OP-Vuokratuotto’s business premise offering especially for small and midsize enterprises”, tells Markku Mäkiaho, CEO, Pohjola Property Management Ltd.

 

For further information, please contact:

Sanna Kaje, Vice President, Investor Relations, YIT Corporation, tel. +358 50 390 6750, sanna.kaje@yit.fi
Seppo Martikainen, Vice President, Transactions, YIT Construction Ltd, tel. +358 400 460 913, seppo.martikainen@yit.fi

 

YIT CORPORATION

 

Sanna Kaje
Vice President, Investor Relations and M&A

Distribution: NASDAQ OMX, major media, www.yitgroup.com

YIT is a construction industry leader. We create better living environments in Finland, Russia, the Baltic countries, the Czech Republic, Slovakia and Poland. Over 100 years of experience have secured us a strong market position: we are the largest housing developer and one of the largest business premises and infrastructure developers in Finland, and the most significant foreign housing and area developer in Russia. Our vision is to stay one step ahead – while taking care of our customers, partners and personnel. We have nearly 6,000 employees in eight countries. In 2014, our revenue amounted to around EUR 1.8 billion. Our share is listed on NASDAQ OMX 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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