YIT to start the construction of new apartment buildings in the Moscow Region and Tyumen, Russia

YIT Corporation Investor News October 10, 2017 at 12:30 noon

YIT starts the construction of apartment building projects in Moscow Region and Tyumen, Russia. The total combined value of the projects is over EUR 25 million. The start-ups were recorded in the third quarter. The projects will be completed by the end of first half-year of 2019.

The project started in the Moscow Region, Shchelkovo is the latest phase of an area development project called Finsky. Thus far the project has completed six apartment buildings and a kindergarten. The project will comprise approximately 260 apartments and business premises with the total space of approximately thousand square metres. The project is located close to Klyazma river and a forest park area. It is also located within a short drive of the centre of Shchelkovo.

The project started in Tyumen is the final phase of the Zhukov project and it comprises approximately 290 apartments and business premises with the total space of approximately thousand square metres. The project is located in one of the most beloved areas of Tyumen with an easy reach to developed infrastructure. After completion, the Zhukov project will comprise approximately 900 apartments.

For further information, please contact:

Hanna Jaakkola, Vice President, Investor Relations, YIT Corporation, tel. +358 40 5666 070, hanna.jaakkola@yit.fi 

Teemu Helppolainen, Head of Business Area, Russia, YIT Construction Ltd, tel. +7 915 316 8216, teemu.helppolainen@yit.ru


Hanna Jaakkola
Vice President, Investor Relations

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

YIT creates better living environment by developing and constructing housing, business premises, infrastructure and entire areas. Our vision is to bring more life in sustainable cities. We want to focus on caring for customer, visionary urban development, passionate execution and inspiring leadership. Our growth engine is urban development involving partners. Our operating area covers Finland, Russia, the Baltic countries, the Czech Republic, Slovakia and Poland. In 2016, our revenue amounted to nearly EUR 1.8 billion, and we employ about 5,300 employees. Our share is listed on Nasdaq Helsinki. www.yitgroup.com

About Us

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 environments. We work in 10 countries: Finland, Russia, Sweden, Norway, the Baltic countries, Czech Republic, Slovakia and Poland. Our revenue in 2019 was approximately EUR 3.4 billion. YIT Corporation's share is listed on Nasdaq Helsinki Oy. www.yitgroup.com