YIT starts the construction of an apartment building project in Moscow Oblast, Russia

YIT starts the construction of a new apartment building project named Park in Moscow Oblast. The project is located in Krasnogorsk city, approximately 4 kilometres from the Moscow ring road. The total value of the project is approximately EUR 60 million, and it is due for completion by the end of 2016.

The Park project covers one 17-storey apartment building with 550 apartments and a total living area of approximately 24,000 square meters. The apartments vary from studios to four room apartments, focusing on small studios and one-bedroom apartments. In addition to apartments, the project will include the construction of an underground parking facility for approximately 170 cars, ground level parking spaces for visitors and a yard with a playground and a sports field.

Krasnogorsk is one of the most environmentally friendly cities in Moscow Oblast, and the project was named after its excellent location nearby a park. Energy efficient facade materials are used in the building, in addition to which, there will be modern building systems and an own heating plant.

Illustrations on the project:


For additional information, please contact:

Sanna Kaje, Vice President, Investor Relations, YIT Corporation, tel. +358 50 390 6750, sanna.kaje@yit.fi
Teemu Helppolainen, Head of Business Area, Housing Russia, YIT Construction Ltd, tel. +7 915 316 8216, teemu.helppolainen@yit.ru


Sanna Kaje

Vice President, Investor Relations

Distribution: NASDAQ OMX, principal media, 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