YIT is constructing a multi-purpose building in Sodankylä using the life cycle model

YIT Corporation Investor News August 14, 2020, at 8:00 a.m.

 

YIT and the municipality of Sodankylä in Nothern Finland have signed contracts for the planning and construction of a multi-purpose building and the maintenance of the property for 20 years using the life cycle model. Construction work will begin in the autumn 2020 and end in August 2022. The total value of the set of contracts is approximately EUR 35 million, of which construction is approximately EUR 20 million and maintenance approximately EUR 15 million.

The building is 8,300 m2 in size and it includes facilities for basic education for approximately 650 students and 100 children in early childhood education and pre-primary education. The building will also include a gym, auditorium, school library and youth centre, as well as other cultural activities such as the activities of local associations and colleges in the evenings and on weekends.

The design and planning are guided by the versatility and adaptability of the facilities as well as the health and safety of the building. In order to achieve the indoor air quality objectives, the construction follows the highest P1 purity class and uses M1 class construction materials and ventilation products. In accordance with the life cycle model, YIT is responsible for, among other things, cleaning and renovations of the building during the 20-year service period.

“Our objective is a healthy, safe and modern learning environment, from pre-school children to high school students. Cooperation between different operators will improve when we move from the temporary facilities to common spaces, as well as cooperation with all locals who use the facilities themselves or with their families. The nearby sports park, gymnasium and an ice rink with the future multi-purpose building will form an active hub. The municipality has positive experiences of cooperating with YIT in the previous project, and we are happy to continue that,” says Anna de Wit, Project Manager for the municipality of Sodankylä.

Previously, YIT built the well-being centre Sopukka in Sodankylä using the life cycle model.

For further information, please contact:
 

Tommi Järvenpää, Vice President, Investor Relations, YIT Corporation, tel. +358 (0)40 576 0288, tommi.jarvenpaa@yit.fi

Tom Ekman, Executive Vice President, Business Premises, YIT Corporation, tel. +358 (0)40 771 2514, tom.ekman@yit.fi

Anna de Wit, Project Manager, Sodankylä, tel. +358 40 685 1995, anna.dewit@sodankyla.fi

YIT CORPORATION

Tommi Järvenpää
Vice President, Investor Relations
 

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

YIT is the largest Finnish and significant North European construction company and urban developer. We develop and build apartments and living services, business premises and entire areas. We are also specialised in demanding infrastructure construction. Together with our customers, our nearly 8,000 professionals are creating more functional, attractive and sustainable cities and living environments. We operate in 10 countries: Finland, Russia, Sweden, Norway, the Baltic countries, the Czech Republic, Slovakia and Poland. In 2019, our revenue was approximately EUR 3.4 billion. YIT Corporation's share is listed on Nasdaq Helsinki Oy. www.yitgroup.com