YIT to sell apartments worth over EUR 15 million for rental use

INVESTOR NEWS                 DECEMBER 31, 2015 AT 12:00 NOON

YIT to sell apartments worth over EUR 15 million for rental use
 

YIT has signed agreements on the sale of 66 apartments to residential funds. The total value of the agreements is over EUR 15 million.

The apartments that will come for rental use, are located in different parts of Finland and are either close to completion or completed. The apartments will be recorded in the fourth quarter sales.

For further information, please contact

Hanna Malmivaara, Vice President, Corporate Communications, YIT Corporation, tel. +358 40 561 6568, hanna.malmivaara@yit.fi
Harri Isoviita, Senior Vice President, Residential Construction, YIT Construction Ltd, tel. +358 40 553 3833, harri.isoviita@yit.fi
Matti Koskela, Senior Vice President, Building Construction, YIT Construction Ltd, tel. + 358 40 557 6520, matti.koskela@yit.fi

YIT CORPORATION

Sanna Kaje
Vice President, Investor Relations and M&A

Distribution: NASDAQ OMX, principal media, www.yitgroup.com

YIT is a construction industry leader. We create better living environments in Finland, Russia, the Baltic countries, the Czech Republic, Slovakia and Poland. Over 100 years of experience have secured us a strong market position: we are the largest housing developer and one of the largest business premises and infrastructure developers in Finland, and the most significant foreign housing and area developer in Russia. Our vision is to stay one step ahead – while taking care of our customers, partners and personnel. We have nearly 6,000 employees in eight countries. In 2014, our revenue amounted to around EUR 1.8 billion. Our share is listed on NASDAQ OMX Helsinki. www.yitgroup.com