YIT will start the construction of three apartment buildings for LocalTapiola’s fund

INVESTOR NEWS                 MARCH 31, 2015 AT 10:00 A.M.

 

YIT will start the construction of three apartment buildings for LocalTapiola’s fund

 

YIT has signed agreements on the construction of three apartment buildings for LocalTapiola Asuntosijoitus Suomi Ky housing fund. The total value of the projects that will be recorded in the first quarter’s order backlog is over EUR 30 million, and they will be completed by summer 2016. A total of 130 apartments will be constructed in the Helsinki metropolitan area.

The projects are part of the frame agreement signed in March 2015 between YIT and LocalTapiola Asuntosijoitus Suomi Ky housing fund on the construction of over 550 non-subsidised rental apartments in the Helsinki metropolitan area, Turku and Tampere. The project specific agreements will be signed prior to each project start-up. The overall value of the frame agreement is over EUR 100 million.

 

 

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, major 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 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 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

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