YIT, Ålandsbanken and Varma to increase the investing capacity of the 2018 plot fund
In 2018, YIT was involved in establishing a closed-end alternative investment fund that invests in residential plots in Finland. YIT’s partners in the fund are Ålandsbanken and the pension insurance company Varma. As the fund’s original investing capacity has been reached, the parties have agreed to increase the investment capacity from EUR 100 million to EUR 150 million. The fund’s equity is EUR 75 million after the increase, and the equity investment proportions between the investors remain the same: YIT 20%, Varma 40% and Ålandsbanken 40%. “The plot fund we established has been an