YIT to construct an office building in Vilnius, Lithuania

YIT Corporation Investor News October 21, 2016 at 8:00 a.m.

YIT has signed a contract with East Capital Explorer AB (publ) to construct an office building in Vilnius, Lithuania. The value of the contract for YIT is around EUR 20 million and the project will be completed in the middle of 2018. 

The project will be constructed in the business centre of Vilnius. It will comprise approximately 13,000 square meters of leasable floor space, and the main tenant will be Swedbank who will lease just under 70% of the building. A platinum level LEED certificate will be applied for the building for environmental sustainability, and in case the project meets the requirements, it will be the first in Lithuania to receive LEED Platinum level. 


For further information, please contact:

Hanna Jaakkola, Vice President, Investor Relations, YIT Corporation, tel. +358 40 5666 070, hanna.jaakkola@yit.fi 
Peter Forssell, Vice President, Real Estate Development, Central Eastern Europe, YIT Construction Ltd, tel. +358 40 532 2273, peter.forssell@yit.fi 


Hanna Jaakkola
Vice President, Investor Relations

Distribution: NASDAQ OMX, 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