YIT carries out construction of new school centre using life cycle model

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YIT Corporation Investor News 24 October 2022 at 1:30 p.m.

YIT and the Municipality of Kirkkonummi have signed a contract on the construction and maintenance of the new Gesterby school centre. YIT is responsible for the design, implementation and 20-year service period of the project carried out in accordance with the life cycle model. YIT is also responsible for the old school building’s demolition. The value of the contract to YIT is approximately EUR 64 million.

Gesterby’s new school centre will have spaces for Gesterby school, Winellska skolan and Papinmäki school as well as the schools’ pre-primary education groups. The spaces will serve approximately 1,270 students and 200 staff members. The property’s gross area is approximately 13,500 square metres. The project is aiming for a four-star environmental rating on the RTS environmental certification scale.

Construction work will begin in late 2022 with the construction of a temporary production kitchen that will operate during the construction phase. The new school premises will open their doors to users in January 2026. Completion and exterior work will continue until summer 2026. In accordance with the life cycle model, YIT’s responsibilities include the building’s usability and healthy and safe use conditions for a service period of 20 years.

For further information, please contact:
Samu Heikkilä, Investor Relations Manager, YIT, tel. +358 44 581 7979, samu.heikkila@yit.fi
Tom Ekman, EVP, Business Premises segment, YIT, media inquiries through Group Communications, tel. +358 44 743 7536, press@yit.fi

YIT Corporation

Tuomas Mäkipeska
Chief Financial Officer

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

YIT is the largest Finnish and a significant North European development and construction company. For 110 years, we have been creating better living environments for our customers: functional homes for sustainable living, future-proof public and commercial buildings and infrastructure for smoother flow of people, businesses and society. We employ 5,500 professionals in nine countries: Finland, Sweden, Norway, Estonia, Latvia, Lithuania, the Czech Republic, Slovakia and Poland. Our revenue in 2021 was EUR 2.7 billion. YIT Corporation’s share is listed on Nasdaq Helsinki Oy. www.yitgroup.com