YIT has signed a contract on the realisation of several projects for investors in Finland worth approximately EUR 54 million

YIT Corporation Investor News February 21, 2019, at 10:00 a.m. 

YIT has signed a contract on the realisation of apartment and care projects for investors in Finland worth approximately EUR 54 million. The sales will be entered in the year’s first quarter.

YIT and the OP-Rental Yield special fund have signed a contract on constructing an apartment project in Herttoniemi, Helsinki. 132 apartments will be completed in As. Oy Helsingin Poudantuoja in the spring of 2021. The location is right next to the Herttoniemi metro station and on the same block as the local service centre Hertsi.

YIT and the OP-Public Services Real Estate special fund have signed a contract on constructing an apartment and care project in Keinusaari, Hämeenlinna. A total of 85 apartments and care apartments will be completed. The construction of the location begins in March 2019 and the completion is set for the summer of 2020.

For further information, please contact:
Hanna Jaakkola, Vice President, Investor Relations, YIT Corporation, tel. +358 (0)40 5666 070, hanna.jaakkola@yit.fi
Antti Inkilä, Executive Vice President, 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, 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 pro forma revenue for 2018 was approximately EUR 3.8 billion. YIT Corporation's share is listed on Nasdaq Helsinki Oy. www.yitgroup.com

About Us

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 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 pro forma revenue for 2018 was approximately EUR 3.8 billion. YIT Corporation's share is listed on Nasdaq Helsinki Oy. www.yitgroup.com

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