YIT started the construction of the second phase of an area project in the city centre of Bratislava, Slovakia
YIT CORPORATION Investor News April 1, 2016 at 9:00 a.m.
YIT started the construction of the second phase of “STEIN2” area development project in the city centre of Bratislava, Slovakia. The project’s second phase will consist of nearly 100 apartments and its value is around EUR 16 million. The second phase of the project will be completed in early 2018 and the start-up will be recorded in the first quarter of 2016.
The area named STEIN2 will be constructed on the outskirts of the Old Town of Bratislava, in the area of the former Stein brewery with respect for the old area and buildings. A total of over 400 apartments and nearly 30 commercial premises will be constructed in the 1.7-hectare area by 2020. The total value of the project is over EUR 70 million and it will be constructed in five phases. In addition to apartment buildings and commercial premises, new infrastructure, green areas and squares for public use will be constructed in the area. The project enjoys excellent public transportation connections, central location and proximity to all public amenities. The demand for the project’s first phase has been very good.
For further information, please contact:
Sanna Kaje, Vice President, Investor Relations and M&A, YIT Corporation, tel. +358 50 390 6750, firstname.lastname@example.org
Tom Sandvik, Head of The Baltic countries and Central Eastern Europe business division, tel. +358 400 617 807, email@example.com
Vice President, Investor Relations and M&A
Distribution: NASDAQ Helsinki, principal media, www.yitgroup.com
YIT is a construction industry leader that creates sustainable urban environments by constructing housing, business premises, infrastructure and entire areas. We focus on providing a first-class customer experience, high quality and continuous development of our diverse expertise. Our operating area covers Finland, Russia, the Baltic countries, the Czech Republic, Slovakia and Poland. Our vision is to stay one step ahead – while caring for our customers, partners and personnel. We have over 5,300 employees in eight countries. In 2015, our revenue amounted to nearly EUR 1.7 billion. Our share is listed on Nasdaq OMX Helsinki. www.yitgroup.com