YIT has agreed on implementation of residential projects in Finland worth approximately EUR 160 million in total

YIT Corporation Investor News April 17, 2019 at 08:00 a.m. 

YIT and ICECAPITAL Housing Fund IV Ky and ICECAPITAL Housing Fund V Ky have signed pre-agreements on the construction of approximately 780 rental apartments in the Helsinki metropolitan area and Tampere. The total value of the pre-agreements is approximately EUR 160 million.

The projects will be booked in the order backlog once the individual deals are closed. The projects are estimated to be started gradually mainly during 2019 and first projects will be completed in 2020.

For further information, please contact:
Hanna Jaakkola, Vice President, Investor Relations, YIT Corporation, tel. +358 (0)40 566 6070, hanna.jaakkola@yit.fi
Antti Inkilä, Head of Housing Finland and CEE segment, YIT Corporation, tel. +358 (0)40 864 4358, antti.inkila@yit.fi  

YIT CORPORATION 

Hanna Jaakkola 

Vice President, Investor Relations 

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, attractive and sustainable cities and environments. We work in 11 countries: Finland, Russia, Scandinavia, the Baltic Countries, 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 pro forma revenue for 2018 was approximately EUR 3.8 billion. YIT Corporation's share is listed on Nasdaq Helsinki Oy. www.yitgroup.com