YIT to start the construction of the first Tripla apartments in Pasila and a new project in Konepaja district in Vallila in Helsinki, Finland

YIT Corporation Investor News December 22, 2017 at 8:00 a.m.

YIT has started the construction of the first Tripla apartments in Pasila in Helsinki, Finland. The first project to be construct is Asunto Oy Helsingin Fredika, which will be completed by 2019. Fredika comprises of 111 apartments with selling price of approximately EUR 40 million in total. The start-ups have been recorded in the last quarter of the year. The pre-marketing of the apartments started at the end of November, and the demand exceeded expectations.

YIT will construct four housing co-operatives in the western block of Tripla and close to its services. The block will offer a comfortable residents’ park and the inhabitant’s shared village hall. The shops of the Mall of Tripla, business premises and a hotel will be located in the middle block. The eastern block will comprise of the renewed train station, stores and office premises. Pasila will become another centre of Helsinki and an even more important transportation hub that is expected to double its resident and job numbers by 2040.

YIT has also started the construction of a residential project close by in the Konepaja area in Vallila in Helsinki, Finland. The project called Asunto Oy Helsingin Emil will comprise of 88 apartments with selling price of approximately EUR 30 million in total. The start-ups have been recorded in the last quarter of the year and the project will be completed in the autumn 2019.

Visit YIT’s Homes website for more information about Helsingin Fredika and Helsingin Emil (in Finnish).

For further information, please contact:

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

Esa Turkka, Head of Unit, YIT Construction Ltd., tel. +358 40 551 5945, esa.turkka@yit.fi


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 and living services, business premises and entire areas. We are also specialised in demanding infrastructure construction and paving. Together with our customers, our nearly 10,000 professionals are creating more functional, attractive and 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 2018 was approximately EUR 3.8 billion. YIT Corporation's share is listed on Nasdaq Helsinki Oy. www.yitgroup.com