YIT to build warehouse for furniture manufacturer CJSC Freda IV in Kaunas, Lithuania

YIT Corporation Investor News 20 February 2024 at 9:00 a.m.

YIT to build warehouse for furniture manufacturer CJSC Freda IV in Kaunas, Lithuania

YIT and CJSC Freda IV, one of the largest furniture manufacturing companies in Lithuania, have launched the construction of a new furniture warehouse in the rapidly developing Kaunas Free Economic Zone (FEZ) in Lithuania. The contract is worth approximately EUR 39 million and is included in the order book reported for 2023.

The site is scheduled for completion in the first quarter of 2025. The building will have a total surface area of approximately 60 000 m2 and the warehouse is planned to have an energy efficiency class of A++. In addition, solar panels will be installed on the roof of the warehouse. An above-ground car parking lot is planned to be build next to the warehouse for 145 cars and 50 trucks.

Further information:
YIT’s Corporate communications, tel. +358 44 743 7536, press@yit.fi

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

YIT is a leading construction and development company. Building on over 110 years of experience, we develop and build sustainable living environments: functional homes, future-proof public and commercial buildings, and infrastructure to support the green transition. We employ approximately 4,300 professionals in eight countries. Our revenue in 2023 was EUR 2.2 billion. YIT Corporation's shares are listed on Nasdaq Helsinki.

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