YIT and BTA Baltic Insurance Company to establish a co-investment for Baltic housing investments

YIT Corporation Investor news 2 September 2021 at 10:30 a.m.YIT and BTA Baltic Insurance Company AAS, representing Vienna Insurance Group, have agreed to establish a co-investment vehicle investing in rental apartments located in the Baltic countries. The total investment capacity of the vehicle is EUR 120 million. In connection, YIT has agreed on the sale of five rental apartment buildings in Tallinn, Riga and Vilnius to the co-investment vehicle with a value of EUR 65 million. The parties aim to invest the remaining investment capacity to YIT’s projects in the Baltic countries during the