YIT and Ålandsbanken to establish a company for housing investments
YIT Corporation Investor News September 18, 2019, at 03:00 p.m.YIT and the Ålandsbanken bank have entered into an agreement to establish a company investing in rental apartments. YIT’s share of the joint investment will be 40%, and Ålandsbanken’s 60%. In the same connection, YIT has agreed on the sale of ten rental apartment buildings to the company. The investment value of the projects is approximately EUR 112 million. The buildings will have a total of 537 apartments, and they will be completed in 2020–2021. YIT will be responsible for letting the