YIT to sell the Duetto I office building in Vilnius, Lithuania

YIT Corporation Investor News January 19, 2017 at 9:00 a.m.The agreement signed by YIT in December 2016 on the sale of Duetto I office building located in Vilnius, Lithuania was finalized today. The buyer is Baltic Horizon Fund, which is a public fund listed on Nasdaq Stockholm and Nasdaq Tallinn Stock Exchanges. The value of the deal is approximately EUR 15 million. The revenue recognition was started in the fourth quarter last year based on the signing date of the sales purchase agreement. Duetto I office building is 10-storey BREEAM certified building with A energy-efficiency class.