YIT to build a parking facility in Helsinki’s West Harbour

YIT Corporation Press release, January 21, 2020, at 12:00 pm.

YIT will build a parking facility in Jätkäsaari to serve cruise passengers, among others. The value of the contract is over EUR 20 million, which will be recorded in the company’s order backlog for the first quarter of 2020. Preparatory works were started in September 2019, and the project is due for completion in early 2021.

The project comprises a parking facility with approximately 730 parking spaces and a lobby, which will mainly serve cruise passengers.

The client and developer is a mutual real estate company Kiinteistö Oy Helsingin Jätkäsaaren Satamapysäköinti c/o Erikoissijoitusrahasto eQ Liikekiinteistöt. Helsingin Satama Oy will assume responsibility for the maintenance and operation of the parking facility.

For further information, please contact:

Anne Piiparinen, Senior Vice President, Industrial and Structural Engineering Division, tel. +358 (0)40 823 2808, anne.piiparinen@yit.fi

Pirita Tiusanen, Communications Manager, YIT Corporation, tel. +358 (0)44 240 9822, pirita.tiusanen@yit.fi

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 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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