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Joint ventures

Joint ventures - more together

Establishing together it makes possible to implement even larger-scale development projects than before. YIT has carried out several successful development projects by joint venture model.

Case: Housing development fund in the CEE countries with a Finnish investor group

YIT is involved in establishing a fund that invests in housing development projects in the CEE countries or in the Czech Republic, Slovakia, Poland, Estonia, Latvia and Lithuania.

During the next years, the fund is expected to carry out over ten projects and approximately thousand apartments to be sold primarily to private buyers. The fund supports YIT’s growth strategy in the CEE countries by offering financing for projects under construction and releasing capital for new projects in earlier stages.

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Case: The project venture company developing the Mall of Tripla

The Mall of Tripla is a shopping mall to be constructed as the centre of Central Pasila. In terms of the number of retail spaces, it will be the largest in Finland and have the best commercial location in the country. The Mall of Tripla offers a total of 85,000 m2 of rentable space for some 250 operators. The shopping mall will be opened in the autumn of 2019, at the same time as the parking facilities and the new Pasila station. The project venture company developing the Mall of Tripla is owned by YIT, Etera, Onvest and Fennia. The implementation of the Mall of Tripla as a joint venture secured as a financing package of around EUR 300 million was granted for the project.

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Tripla by YIT

 

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