YIT’s and Ålandsbanken’s joint venture to sell its housing stock
YIT’s and Ålandsbanken’s joint venture ÅB Kodit Ky is selling its housing stock to a UK fund called M&G European Property Fund. YIT’s Properties segment will record a sales profit for the sale partly for 2020 and the rest for 2021. “The domestic housing investment product is currently subject to global demand. With the interest rate level at zero, investors are seeking globally stable cash flow targets and, in the current situation, housing investments are very suitable for many major investors. Other advantages of Finland include the euro and good legislation. The joint venture decided