YIT chosen as the constructor of the Helsinki Central Library

YIT Corporation Investor News July 6, 2016 at 12:00 noon

YIT has signed a project management contract with the City of Helsinki regarding the construction of the Helsinki Central Library in Helsinki, Finland. With a value of approximately EUR 50 million for YIT, the project will be started in late autumn 2016 after the earthworks and the basement’s concrete structure works have been completed. The library will be completed in autumn 2018. 

The Central Library will have a central location near Helsinki Central Railway Station and a stretch of parkland known as Kansalaistori (literally, the ‘Citizens’ Plaza’.) With Arkkitehtitoimisto ALA Oy acting as the chief architect of the project, it will have a gross floor area of approximately 17,000 square metres. The site under construction will turn into a modern library, a meeting place for citizens and an energy-efficient building, constituting the latest supplement to the concentration of cultural architecture in the Töölönlahti area. The Central Library is one of the projects launched to mark the centenary of Finland’s independence. 

With its modern structural solutions, the Central Library will be a versatile project with ambitious energy and material efficiency targets. The location of the construction site, central from the logistical perspective, will put a great spotlight on the contractor, which is why the tenders were evaluated not only from the perspective of the price aspects but also taking into account the qualitative criteria.

For further information please contact:

Sanna Kaje, Vice President, Investor Relations and M&A, YIT Corporation, tel. +358 50 390 6750, sanna.kaje@yit.fi
Matti Sarikkola, Vice President, Office construction, YIT Construction Ltd, tel. +358 40 519 5676, matti.sarikkola@yit.fi 

YIT CORPORATION

Sanna Kaje
Vice President, Investor Relations and M&A

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

YIT creates sustainable cities and better living environment by developing and constructing housing, business premises, infrastructure and entire areas. We focus on providing a first-class customer experience, high quality and continuous development of our diverse expertise. Our operating area covers Finland, Russia, the Baltic countries, the Czech Republic, Slovakia and Poland. In 2015, our revenue amounted to nearly EUR 1.7 billion, and we employ about 5,300 employees. Our share is listed on Nasdaq Helsinki. www.yitgroup.com