YIT wins several pipe renovation contracts in the Helsinki metropolitan area

YIT Corporation Press release October 21, 2020 at 10:30 a.m.

In July–September, YIT Talon Tekniikka has won six pipe renovation contracts in the Helsinki, Espoo and Vantaa region in Finland. The total value of the contracts is approximately EUR 23 million and, in all, the facilities of 497 apartments will be renovated. Some projects are already underway and the rest will commence in the coming months.

A so-called traditional pipe renovation will be completed at all properties, which means that all technical building systems will be renewed and wet rooms renovated. In addition, the housing companies’ common facilities will be updated. Depending on the size of the building, the used technology and the scope of the renovation, pipe renovation projects usually last 8–16 months.

Selecting a contractor before planning the implementation of the renovation has become common in housing companies’ renovation projects. Sampo Kautto, CEO at YIT Talon Tekniikka, finds this development commendable. “This way, cost estimates and the compatibility of plans can be ensured in a timely and reliable manner. Project implementation is smoother and, according to feedback, progresses in good spirits.”

Executing pipe renovations is possible even with the challenges created by COVID-19. The key is to follow hygiene-related instructions carefully and keep social distancing in mind.

“During the renovation, residents of housing companies live elsewhere so there is no risk of infection between the residents and the site staff. Housing company meetings, information sessions for residents and site meetings can be held with remote connections,” confirms Kautto.

For further information, please contact:
Sampo Kautto, YIT Talon Tekniikka Oy, tel. +358 (0)40 535 3601, sampo.kautto@yit.fi
Heidi Kauppinen, Communications Manager, YIT Corporation, tel. +358 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, the 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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