YIT to construct modern logistics premises for NREP Logicenters in Turku, Finland

YIT has signed a contract on the construction of high-quality office and storage facilities in the City of Turku, Finland, near the airport, with NREP Logicenters, a company which develops and owns logistics properties. The premises are leased to Finnish Design Shop, which sells Nordic design, for its online store operations.

In addition to terminal and storage facilities, the property will include Finnish Design Shop’s new offices, and the construction project will also cover the construction of new yard and junction areas. The scope of the project is approximately 12,000 m2, and the value of the contract is approximately EUR 15 million. The contract will be entered in the order backlog for the fourth quarter of 2020. The construction work has been initiated, and the project will be completed in August 2021.

For further information, please contact:
Jukka Lämsä, Vice President, Business Premises segment, South-West Finland, YIT Finland Ltd, tel. +358 (0)45 634 4300, jukka.lamsa@yit.fi
Tom Ekman, Executive Vice President, Business Premises segment, YIT Corporation, tel. +358 (0)40 771 2514, tom.ekman@yit.fi
Heidi Kauppinen, Communications Manager, YIT Corporation, tel. +358 (0)40 574 3170, heidi.kauppinen@yit.fi

YIT is the largest Finnish and a significant North European construction company and urban developer. We develop and build apartments and living services, business premises and entire areas. We are also specialised in demanding infrastructure construction. Together with our customers, our nearly 8,000 professionals are creating more functional, attractive and sustainable cities and living environments. We operate in 10 countries: Finland, Russia, Sweden, Norway, the Baltic countries, Czech Republic, Slovakia and Poland. In 2019, our revenue was approximately EUR 3.4 billion. YIT Corporation's share is listed on Nasdaq Helsinki Oy. www.yitgroup.com

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