YIT agreed in April-June 2021 on the construction of a total of five right-of-occupancy, rental and assisted living buildings in Southern Finland. The projects are located in Vantaa, Kirkkonummi, Kerava and Lahti. The clients are Asuntoyhtymä Group Oy, TA-Asumisoikeus Oy, the Yrjö and Hanna Foundation and VAV Asunnot Oy.
The total value of these projects is approximately EUR 43 million. YIT will build 416 apartments in these buildings. The total built area will be approximately 27,300 m2. The contracts have already been signed, and their value has been entered in the order book for the second quarter of 2021. The construction work for the first projects has already started.
For further information:
Tommi Järvenpää, Vice President, Investor Relations, YIT Corporation, tel. +358 (0)40 576 0288, email@example.com
Marko Oinas, Interim Executive Vice President, Housing Finland & CEE, YIT Corporation, tel. +358 (0)40 506 7430, firstname.lastname@example.org
Vice President, Investor Relations
Distribution: Nasdaq Helsinki, major media, www.yitgroup.com
YIT is Finland's largest construction company and a significant player in the Northern European construction market. Our goal is to create more sustainable, functional and attractive cities and living environments. We develop and build apartments, business premises and entire areas. We also specialise in demanding infrastructure construction. We own properties together with our partners, which supports the implementation of our significant development projects. We also provide our customers with services that increase the value of properties. We employ approximately 7,400 professionals in ten countries: Finland, Russia, Sweden, Norway, Estonia, Latvia, Lithuania, the Czech Republic, Slovakia and Poland. Our revenue in 2020 was approximately EUR 3.1 billion. YIT Corporation’s share is listed on Nasdaq Helsinki Oy.