YIT to sell apartments worth around EUR 25 million for rental use

INVESTOR NEWS                 MARCH 27, 2014 AT 3:00 P.M.

 

YIT to sell apartments worth around EUR 25 million for rental use

YIT has signed agreements on the sale of a total of 112 apartments to Ålandsbanken residential property fund and ICECAPITAL Asunto 2015 Ky -fund. The total value of the agreements is approximately EUR 25 million.

The agreement with Ålandsbanken residential property fund covers 59 apartments and the agreement with ICECAPITAL Asunto 2015 Ky 53 apartments. The apartments, which will come for rental use, are located in the Helsinki metropolitan area or in other Finnish growth centres and are from projects that are either under construction or completed.

 

For further information, please contact:

Sanna Kaje, Vice President, Investor Relations, YIT Corporation, tel. +358 50 390 6750, sanna.kaje@yit.fi
Harri Isoviita, Senior Vice President, Residential Construction, YIT Construction Ltd, tel. +358 40 553 3833, harri.isoviita@yit.fi
 

 

 YIT CORPORATION

 

Sanna Kaje
Vice President, Investor Relations

Distribution: NASDAQ OMX, principal media, www.yit.fi

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 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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