YIT to build a senior centre for the city of Espoo

INVESTOR NEWS               NOVEMBER 21, 2014 AT 12:00 NOON

 

YIT to build a senior centre for the city of Espoo

YIT has signed an agreement to build a senior centre in the neighbourhood of Leppävaara, Espoo to Espoo Life and Living Ltd, a company fully owned by the city of Espoo. The construction will start in the beginning of 2015, and the project will be completed in late 2016. The total value of the contract is over EUR 20 million.

The senior centre called ‘Life and Living’ will host 140 small apartments for seniors in poor health. In addition, an open service centre with a restaurant and a home care support office, among other things, will be constructed on the ground floor.

 

For further information, please contact:

Sanna Kaje, Vice President, Investor Relations, YIT Corporation, +358 50 390 6750 sanna.kaje@yit.fi
Matti Sarikkola, Vice President, Offices and Care Facilities, YIT Construction Ltd, tel. +358 40 519 5676, matti.sarikkola@yit.fi

 

 

YIT CORPORATION

Sanna Kaje
Vice President, Investor Relations

 

Distribution: NASDAQ OMX, principal 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 for 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 caring for our customers, partners and personnel. We have more than 6,000 employees in seven countries. In 2013, our revenue amounted to nearly EUR 1.9 billion. Our share is listed on Nasdaq OMX 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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