YIT starts the renovation of an office building in Helsinki city centre

INVESTOR NEWS      JUNE 15, 2015 AT 10:00 A.M.

 

YIT starts the renovation of an office building in Helsinki city centre

 

YIT will start the renovation of the office building it bought in 2014 in the city centre of Helsinki, Finland. The office building located in Lönnrotinkatu 11 will include approximately 4,000 square metres of office space in five floors and approximately 400 square metres of commercial space in the street level. The renovation will be completed in autumn 2016. Tenants’ interest towards the project has been on a good level and part of the premises have already been leased. Also investor negotiations are ongoing.

In the renovation of the old office building built in 1972, the façade, interiors and building systems of the building will be renewed to meet the requirements of a modern office. In addition, the renovation will remarkably improve the energy efficiency of the building, and a LEED environmental certificate will be applied for the project.

”After the renovation, the Lönnrotinkatu 11 business premises will meet the requirements of its users today and in the future. We will design the premises in co-operation with the customers. The starting point for the design is that the premises will serve our customers’ businesses with flexibility also in the future”, says Mikko Lempinen, project development director at YIT.

Illustrations on the project: Image link

 

For further information, please contact:

Sanna Kaje, Vice President, Investor Relations, YIT Corporation, tel. +358 50 390 6750, sanna.kaje@yit.fi
Timo Lehmus, Head of Real Estate Development business division, YIT Construction Ltd., tel +358 400 409 181, timo.lehmus@yit.fi

 

 

YIT CORPORATION

 

Sanna Kaje
Vice President, Investor Relations

 

Distribution: NASDAQ OMX, major media, www.yitgroup.com

YIT is a construction industry leader. We create better living environments in Finland, Russia, the Baltic countries, the Czech Republic and Slovakia. Over 100 years of experience have secured us a strong market position: we are the largest housing developer and one of the largest business premises and infrastructure developers in Finland, and the most significant foreign housing and area developer in Russia. Our vision is to stay one step ahead – while taking care of our customers, partners and personnel. We have nearly 6,000 employees in seven countries. In 2014, our revenue amounted to around EUR 1.8 billion. Our share is listed on NASDAQ OMX Helsinki. www.yitgroup.com

 

About Us

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

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