YIT sells apartments to Elite Alfred Berg´s real estate fund

YIT Corporation Investor News October 31, 2019, at 12:00 p.m. 

YIT and Elite Alfred Berg Rental Income non-UCITS Fund have signed an agreement on the sale of 120 apartments located in the Helsinki metropolitan area.

The total value of the agreement is approximately EUR 28 million. The transaction will be recognised in the fourth quarter of the year.

The majority of the apartments to be sold as rental apartments have already been completed, with the rest to be completed in the beginning of the year 2020.

For further information, please contact:
Antti Inkilä, Executive Vice President, Housing Finland and CEE segment, YIT Corporation, tel. +358 40 864 4358, antti.inkila@yit.fi
Hanna Malmivaara, Senior Vice President, Group Communications, YIT Corporation, tel. +358 40 561 6568, hanna.malmivaara@yit.fi

YIT CORPORATION

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

YIT is the largest Finnish and a 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, 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 restated pro forma revenue for 2018 was approximately EUR 3.2 billion. YIT Corporation's share is listed on Nasdaq Helsinki Oy. www.yitgroup.com

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