YIT signs a contract for the implementation phase of a business premises project with Savo Consortium for Education

YIT Corporation      Investor News      February 21, 2020      at 10:30 a.m.

YIT and Savo Consortium for Education (Sakky) have signed an implementation phase contract for the construction of Sakky’s new premises in the Savilahti area in Kuopio, Finland. The project is based on a cooperative project management contract and its total value for YIT is over EUR 62 million. The contract will be entered in the order backlog of the first quarter of the year.

Prior to the implementation phase, YIT was involved in the development phase of the project, which started in January 2019. YIT’s respective press release was published on January 11, 2019.

The project includes three interconnected new buildings, totaling 26,000 square metres. The buildings will house teaching and office space and a restaurant world with a teaching kitchen. Nordic Swan Ecolabel certification will be sought for the buildings, and they will satisfy the Healthy Building criteria set out by the Finnish Society of Indoor Air Quality and Climate. The project is scheduled for completion in spring 2022.

For further information, please contact:

Tommi Järvenpää, Vice President, Investor Relations, YIT Corporation, tel. +358 (0)40 576 0288, tommi.jarvenpaa@yit.fi
Esa Neuvonen, EVP, Business Premises and Partnership Properties, YIT Corporation, tel. +358 (0)40 500 1003, esa.neuvonen@yit.fi

YIT CORPORATION

Tommi Järvenpää
Vice President, Investor Relations

Distribution: NASDAQ Helsinki, key 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. Our revenue for 2019 was approximately EUR 3.4 billion. YIT Corporation's share is listed on Nasdaq Helsinki Oy. www.yitgroup.com