YIT starts the construction of an office premise in Vilnius, Lithuania

INVESTOR NEWS                 OCTOBER 28, 2015 AT 11:00 A.M.

 

YIT starts the construction of an office premise in Vilnius, Lithuania

YIT starts the construction of an office premise in Vilspa area, Vilnius. The office premise named Duetto will consist of around 8,200 square metres of leasable area, and an underground parking facility for 200 cars will be constructed in connection to the premise. The project is due to be completed in the beginning of 2017.

Duetto will be constructed in the same area where YIT has previously carried out the Grand Office business premise and Prisma hypermarket projects, along the Vilnius ring road. In the design of the project, special focus has been paid to the energy efficiency of the building. The leasing rate of the project is on an exceptionally good level and investor negotiations will commence in line with starting of the project.

Illustrations of the project: link

 

For additional information, please contact:

Sanna Kaje, Vice President, Investor Relations and M&A, YIT Corporation, tel. +358 50 390 6750, sanna.kaje@yit.fi
Peter Forssell, Vice President, Real Estate Development, Central Eastern Europe, YIT Construction Ltd, tel. +358 40 532 2273, peter.forssell@yit.fi

 

 YIT CORPORATION

 

Sanna Kaje
Vice President, Investor Relations and M&A

Distribution: NASDAQ OMX, principal 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

Subscribe