YIT starts the construction of a significant area project in Bratislava, Slovakia
YIT CORPORATION Investor News September 1, 2016 AT 8:30 a.m.
YIT starts the construction of a significant area project in Ruzinov district in Bratislava, Slovakia. The first phase starting now will consist of almost 110 apartments and will be completed by the end of 2017. The value of the first phase is approximately EUR 13 million. The value of the whole area project is over EUR 100 million and it will consist of over 1,000 apartments that will be constructed in 10 phases. It is YIT’s biggest area project in Slovakia.
The project is called Nuppu and it is located within walking distance from the city’s business district and just 15 minutes from the city centre, in a new rapidly developing area of Bratislava with good public transport connections. The aim is to develop an attractive neighbourhood with diverse services and leisure activities. In addition, the area will have a green area, which is the largest created in one project in Bratislava. The project has a Finnish name, because YIT and Finnish quality have a good reputation in Slovakia. YIT announced the area’s plot acquisition in autumn 2015.
For further information, please contact:
Hanna Jaakkola , Vice President, Investor Relations, YIT Corporation, tel. +358 40 5666 070, email@example.com
Tom Sandvik, Head of the Baltic countries and Central Eastern Europe business division, tel. +358 400 617 807, firstname.lastname@example.org
Vice President, Investor Relations
Distribution: NASDAQ Helsinki, major media, www.yitgroup.com
YIT creates sustainable cities and better living environment by developing and 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. In 2015, our revenue amounted to nearly EUR 1.7 billion, and we employ about 5,300 employees. Our share is listed on Nasdaq Helsinki. www.yitgroup.com