YIT to build a residential building for Asuntosäätiö in Jätkäsaari, Helsinki

YIT Corporation Press Release 11 August 2023 at 1:00 p.m.

YIT has signed a contract with Asuntosäätiö to build residential building in Jätkäsaari, Helsinki. The value of the project to YIT is approximately EUR 16 million and it will be recorded in the order book for the third quarter of the year.

The state-subsidised (ARA) residential building will have an area of approximately 7200 gross square metres and will comprise 82 housing rights apartments and one street-level commercial space. The higher part of the building will have eight storeys and the lower part six. The roof will be fitted with solar panels, the exterior walls will be clad in shell elements and the façade will be masonry. Work will start in August 2023 and is scheduled for completion in April 2025.

Further information:
Tom Ekman, EVP, Business Premises segment, YIT, media inquiries through Group Communications, tel. +358 44 743 7536, press@yit.fi
Anna Leino, Communications Manager, YIT, tel. +358 50 384 5797, anna.leino@yit.fi

YIT is the largest Finnish and a significant North European development and construction company. We develop and build sustainable living environments: functional homes, future-proof public and commercial buildings, infrastructure for smooth mobility, and renewable energy solutions to benefit the climate. We employ around 5,000 professionals in nine countries: Finland, Sweden, Norway, Estonia, Latvia, Lithuania, the Czech Republic, Slovakia and Poland. Our revenue in 2022 was EUR 2.4 billion. YIT Corporation's share is listed on Nasdaq Helsinki. Read more: www.yitgroup.com

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