YIT signs contract for the Tiistilä school and daycare centre implementation phase

YIT Corporation Investor News 16 December 2021 at 1:00 p.m.

YIT and the City of Espoo have signed a contract regarding the implementation phase of Tiistilä’s school and daycare centre in Espoo. The project will be carried out as a project management contract, and its value to YIT is approximately EUR 40 million. The contract will be included in the order book of the last quarter.

Construction will begin in January 2022, and the project is set to be completed in the summer of 2024.

The gross area of the wooden school and daycare centre property is over 12,000 square metres. The school will accommodate 990 students and 110 staff members. There will also be 168 places for early childhood education.

We build safe and healthy facilities that are in line with the new curriculum. The efficient use, functionality and adaptability of the facilities have been at the heart of the planning.

Design solutions and material choices aim to fulfil YIT's and the City of Espoo’s carbon neutral and sustainable development goals. Planning has particularly focused on energy efficiency during the property’s life cycle.

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 segment, YIT Corporation, tel. +358 (0)40 771 2514, tom.ekman@yit.fi

YIT Corporation

Tommi Järvenpää
Vice President, Investor Relations

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

YIT is the largest Finnish and a significant North European development and construction company. With a strong customer focus and clear mission to create better living environments. We develop and build functional homes for sustainable living, future-proof public and commercial buildings and infrastructure for smoother flow of people, businesses and society. We employ 7,400 professionals in ten countries: Finland, Russia, Sweden, Norway, Estonia, Latvia, Lithuania, the Czech Republic, Slovakia and Poland. Our revenue in 2020 was EUR 3.1 billion. YIT Corporation’s share is listed on Nasdaq Helsinki Oy. www.yitgroup.com

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