YIT starts the construction of the second apartment building project in Fabriikki, Turku, Finland

YIT Corporation Investor News April 24, 2017 at 3:00 p.m.

YIT starts the construction of an apartment building project in Fabriikki, Turku, Finland. The project is Asunto Oy Turun Fabriikin Focus with approximately 90 apartments and it is the second project in the area. The total value of the project is approximately EUR 15 million and the start-up is recorded in the second quarter. The project will be completed in August 2018.

Focus is located in the new and urban Fabriikki area as part of the new historical Turku, next to the Logomo Centre of Culture. The area has good transportation connections, thanks to the main railway station and bus station located nearby. The size of the Focus apartments varies from single room apartments to three room apartments which all have either glazed or French balcony. There is a new footbridge coming to the area, along which the market square is less than a kilometre away. The Focus apartments became to the pre-marketing stage today. Read more about the project on YIT’s Homes website (in Finnish). 

For further information, please contact:

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

Jyrki Meri, Area Director, YIT Construction Ltd., tel. +358 50 390 1176, jyrki.meri@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