YIT starts the construction of apartment building projects in Helsinki and Espoo, Finland

YIT Corporation Investor News June 22, 2017 at 11:00 a.m.

YIT starts the construction of apartment building projects in Kuninkaantammi, Helsinki and Mankkaa, Espoo, Finland. The combined value of the projects is approximately EUR 25 million and each project will comprise approximately 50 apartments. The start-ups are recorded in the second quarter.

Asunto Oy Helsingin Talvitammi is located in the new residential area of Kuninkaantammi close to the Central Park. The apartments vary from two room apartments to terraced houses with a terrace and an own yard. Some of the apartments include a workspace with an additional separate entrance. Parking is located in the garage on the basement floor. The project will be completed in spring 2019.

Asunto Oy Espoon Klovinkukkula apartment building is located on the side of a peaceful detached house area near good connections. Some of the apartments come with a bright rooftop terrace. Services are located a short distance away and there are many schools and day care centres in the area. The project will be completed in autumn 2018.

The apartments are currently at the pre-marketing stage. Visit YIT’s Homes website to read more about Talvitammi and Klovinkukkula (in Finnish).

For further information, please contact:

Hanna Jaakkola, Vice President, Investor Relations, YIT Corporation, tel. +358 40 5666 070, hanna.jaakkola@yit.fi   

Esa Turkka, Unit Director, YIT Construction Ltd., tel. +358 40 551 5945, esa.turkka@yit.fi

YIT CORPORATION

Hanna Jaakkola
Vice President, Investor Relations

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

YIT creates better living environment by developing and constructing housing, business premises, infrastructure and entire areas. Our vision is to bring more life in sustainable cities. We want to focus on caring for customer, visionary urban development, passionate execution and inspiring leadership. Our growth engine is urban development involving partners. Our operating area covers Finland, Russia, the Baltic countries, the Czech Republic, Slovakia and Poland. In 2016, our revenue amounted to nearly EUR 1.8 billion, and we employ about 5,300 employees. Our share is listed on Nasdaq 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, 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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