YIT to build an Upper Secondary School in Vuosaari, Helsinki

YIT Corporation Press Release April 30, 2019, 1:00 p.m. 

YIT and Caverion Finland Ltd have signed a contract with the City of Helsinki on the construction of the Vuosaari Upper Secondary School using the life-cycle model. The total value of the contract is approximately EUR 32 million, of which YIT’s share is approximately EUR 19 million. The project will be entered into the order backlog for the second quarter of this year. The work begins in May 2019. The new premises are set to be in use by the summer 2021. 

YIT is responsible for the design and construction of the school. Caverion is responsible for the comprehensive delivery and design of the new construction’s technical building systems. The building will be finished by the summer 2021. After that, Caverion will be responsible for the property’s maintenance and target energy use for 20 years.  

This is the City of Helsinki’s first life-cycle project. The upper secondary school premises will be designed to meet the demands of the new national curriculum. The premises, which are built for 900 students, will also function as a multi-purpose building in the evenings and weekends.

”After a long break, the City of Helsinki will build a new upper secondary school. We want to build a high-quality building suitable for the needs of 900 students in the center of Vuosaari, which opens in the evenings for a wide range of recreational and residential use. The life-cycle model gives the city better opportunity for quality risk management”, tells Vuokko Uusikangas, Project Manager at the urban environment development unit of the City of Helsinki.

In the past, YIT and Caverion Finland Ltd have completed numerous life-cycle model projects together, including the Kirsti and Viherlaakso schools in Espoo, Torkinmäki school in Kokkola and Nummikeskus in Hämeenlinna.  

“We have a lot of experience with life-cycle projects and Vuosaari Upper Secondary School is a good continuum to our life-cycle business. We at YIT will continue focusing on the development of our life-cycle projects in the future,” says Hannu Soikkeli, Head of Lifecycle Project Development at YIT. 

“The life-cycle model is well-suited for implementing sustainable projects such as schools. The importance of smooth cooperation is highlighted when the goal is to create pleasant conditions for the users and achieve a high energy efficiency that also meets the client’s environmental objectives,” says Ville Tamminen, Head of Division Finland at Caverion. 

The life-cycle model ensures that the completed premises are safe and healthy. Thanks to systematic maintenance and maximised energy efficiency, the property’s carbon footprint can be kept as low as possible. 

For further information, please contact: 

Hanna Malmivaara, Senior Vice President, Communications, YIT Corporation, tel. +358 (0)40 561 6568, hanna.malmivaara@yit.fi

Esa Neuvonen, Executive Vice President, Business premises and Partnership Properties segments, YIT Corporation, tel. +358 (0)40 500 1003, esa.neuvonen@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 the 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