YIT starts the construction of an apartment building project in Tallinn, Estonia

INVESTOR NEWS                 OCTOBER 19, 2015 AT 1:00 P.M.

 

YIT starts the construction of an apartment building project in Tallinn, Estonia

YIT starts the construction of an apartment building project in the city centre of Tallinn, Estonia. The value of the project is over EUR 10 million and it is due to be completed in the spring of 2017. The five-storey apartment building will comprise 75 apartments, 4 commercial spaces and an underground parking facility.

The project will be constructed within a walking distance from the city centre. The location is excellent; a peaceful street in the middle of the city. The area’s public transport connections are good, and the harbor and the airport are easy to reach. Special focus has been paid to stylish and elegant design of the project.

 

For further information, please contact:

Sanna Kaje, Vice President, Investor Relations and M&A, YIT Corporation, tel. +358 50 390 6750, sanna.kaje@yit.fi
Tom Sandvik, Head of the Baltic countries and Central Eastern Europe business division, tel. +358 400 617 807, tom.sandvik@yit.fi

 

YIT CORPORATION

 

Sanna Kaje
Vice President, Investor Relations and M&A

 

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

YIT is a construction industry leader. We create better living environments in Finland, Russia, the Baltic countries, the Czech Republic, Slovakia and Poland. Over 100 years of experience have secured us a strong market position: we are the largest housing developer and one of the largest business premises and infrastructure developers in Finland, and the most significant foreign housing and area developer in Russia. Our vision is to stay one step ahead – while taking care of our customers, partners and personnel. We have nearly 6,000 employees in eight countries. In 2014, our revenue amounted to around EUR 1.8 billion. Our share is listed on NASDAQ OMX Helsinki. 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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