YIT starts the construction of new apartment buildings in Finland and CEE countries

YIT Corporation Investor News October 16, 2017 at 1:00 p.m.

YIT starts self-developed apartment building projects with the value of approximately EUR 45 million in total. The projects comprise over 230 apartments in total. The start-ups were recorded in the third quarter when the start decisions were made.  The projects support YIT’s growth strategy in Finland and in the CEE countries.

The project started in Mankkaa, Espoo, Finland will be completed in winter 2019. The project is located on the side of a peaceful detached house area near excellent connections and services.

The project to be started in Vantaa, Finland is part of the city block Valon kortteli constructed by YIT in Tikkurila. The city block consists of four apartment buildings and its lighting adds the finishing touch to buildings, yards and street areas designed with style. The project will be completed in autumn 2018.

The project started in Pajala, Järvenpää, Finland has a convenient location right near to the Järvenpää railway station. The area has good services and opportunities for leisure activities. The project will be completed in autumn 2018.

The project to be started in Bratislava, Slovakia is the third phase of Nuppu area development project. The project is completed in summer 2019. Nuppu is YIT’s largest area development project in Slovakia with approximately 1,000 apartments to be constructed in the project in total.

The apartments in Finland are currently at the pre-marketing stage. Visit YIT’s Homes website to read more about Espoon Klovinseppä, Vantaan Säihke and Järvenpään Arina (in Finnish).

For further information, please contact:

Hanna Jaakkola, Vice President, Investor Relations, YIT Corporation, tel. +358 40 5666 070, hanna.jaakkola@yit.fi 

Antti Inkilä, Head of Housing Finland and CEE segment, YIT Corporation, tel. +358 40 864 4358, antti.inkila@yit.fi 

YIT CORPORATION

Hanna Jaakkola
Vice President, Investor Relations

Distribution: Nasdaq Helsinki, major media, www.yitgroup.com 

YIT creates better living environment by developing and constructing housing, business premises, infrastructure and entire areas. Our vision is to bring more life in sustainable cities. We want to focus on caring for customer, visionary urban development, passionate execution and inspiring leadership. Our growth engine is urban development involving partners. Our operating area covers Finland, Russia, the Baltic countries, the Czech Republic, Slovakia and Poland. In 2016, our revenue amounted to nearly EUR 1.8 billion, and we employ about 5,300 employees. Our share is listed on Nasdaq 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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