YIT to start apartment sales in four significant apartment building projects in Finland and CEE countries worth approximately EUR 60 million in total

YIT Corporation Investor News July 20, 2017 at 9:00 a.m.

YIT starts the apartment sales in four significant projects that YIT started to construct in the second quarter of the year. The projects support YIT’s growth strategy in Finland and in the CEE countries.

Tampereen Ykköspurje project is constructed in the Keulakortteli city block, located in the new Ranta-Tampella living area in Tampere, Finland. The project comprises 35 apartments and the value of the project is approximately EUR 20 million. The project is completed in the fourth quarter of 2018.

The fourth phase of Suomi Hloubetin area development project is started in Prague, the Czech Republic. The apartment building named Lahti comprises approximately 100 apartments and the value of the project is over EUR 15 million. The project is completed in the second quarter of 2019.

The third phase of Stein2 area development project is started in Bratislava, Slovakia. The phase comprises approximately 70 apartments and the value of the phase is approximately EUR 15 million. The project is completed in the third quarter of 2018.

The second phase of Nordic Mokotow project is started in Warsaw, Poland, which is also YIT’s second project in Poland. The phase comprises approximately 90 apartments. The value of the phase is approximately EUR 10 million and it is completed in the fourth quarter of 2018.

For further information, please contact:

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

Antti Inkilä, Head of Housing Finland and CEE segment, YIT Corporation, tel. +358 40 864 4358, antti.inkila@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 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

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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