YIT starts the construction of Valon kortteli city block in Tikkurila, Vantaa, Finland

YIT Corporation Investor News October 4, 2016 at 8:30 a.m.

YIT starts the construction of Valon kortteli area development project in centre of Tikkurila in Vantaa, Finland. The project consists of five apartment buildings and the construction of the first apartment building called Vantaan Sarastus will start in October. With 16 floors, Sarastus will consist of almost 130 apartments with living area of approximately 5,800 square metres. Sarastus will be completed by summer 2018 and its value is approximately EUR 30 million. 

Valon kortteli city block will consist of approximately 380 apartments with living area of over 16,800 square metres. The value of the whole project is approximately EUR 90 million and it will be completed during 2020. According to its name (the City Block of Light), special attention will be given to light and lighting in this project. The lightning for the project will be designed by a lightning designer whose focus area will be the lightning of building facades and yards.

  

YIT published a news about Valon kortteli city block in August in Finnish. See the news about the project in Finnish and related pictures.  

  

For further information, please contact:

  

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

Harri Isoviita, Senior Vice President, Residential Construction, YIT Construction Ltd, tel. +358 40 553 3833, harri.isoviita@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 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

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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