YIT announces the postponement of Espoo Keilaniemi project’s real estate transaction finalisation into 2020

YIT Corporation                    Investor news                       December 31, 2019 at 9:30 a.m.

YIT’s and HGR Property Partners’ joint venture Regenero has completed the first phase of the Keilaniemi area, the Accountor Tower, and the lessees started to move in in mid-December according to plans. However, the finalisation of the real estate transaction signed in August 2019 will be moved from 2019 into 2020, which will postpone the profit into 2020. The postponement will not have an impact on the company’s result guidance for 2019 which remains intact.

Additional information:

Ilkka Salonen, CFO, YIT Corporation, tel. +358 45 359 4434 , ilkka.salonen@yit.fi

YIT CORPORATION

Ilkka Salonen
CFO

Distribution: Nasdaq Helsinki, major media, www.yitgroup.com 

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, more attractive and more 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 restated pro forma revenue for 2018 was approximately EUR 3.2 billion. YIT Corporation's share is listed on Nasdaq Helsinki Oy. www.yitgroup.com