YIT sells part of its plot in Pushkin, near St. Petersburg

YIT Corporation Press release, June 27, 2018, at 09:00 a.m.YIT has sold a part of its plot in Pushkin, which is located to the south of St. Petersburg. YIT is building the INKERI low-rise apartment complex on the plot. The object of the sale is 5.4 hectares and the purchase price is approximately EUR 15 million. The buyer is FSK Lider, a Russian real estate development company. The new owner of the plot can build a total of 50,000 square metres of residential buildings in the area. Plots in the area have the required development documents and building permits granted by the authorities.