YIT chosen as the constructor of the first phase in a residential project in Tallinn, Estonia
YIT has signed a contract with Capital Mill OÜ, an Estonian mutual fund, on the construction of the first phase in a residential project in Tallinn, Estonia. The total value of the contract is approximately EUR 10 million. The construction of the project will be started in spring 2015 and it is due to be completed in autumn 2016. The project was recorded in the first quarter’s order backlog.
The project named Promenaadimaja will be located in the proximity of the Tallinn harbour and the old town and will include apartments and commercial space. The first phase of the project covers the construction of 43 apartments and an underground parking facility.
For additional information, please contact:
Sanna Kaje, Vice President, Investor Relations, YIT Corporation, tel. +358 50 390 6750, firstname.lastname@example.org
Peter Forssell, Vice President, Real Estate Development, The Baltic countries and Central Eastern Europe, YIT Construction Ltd, tel. +358 40 532 2273, email@example.com
Vice President, Investor Relations
Distribution: NASDAQ OMX, principal media, www.yitgroup.com
YIT is a construction industry leader. We create better living environments in Finland, Russia, the Baltic countries, the Czech Republic and Slovakia. Over 100 years of experience have secured us a strong market position: we are the largest housing developer and one of the largest business premises and infrastructure developers in Finland, and the most significant foreign housing and area developer in Russia. Our vision is to stay one step ahead – while taking care of our customers, partners and personnel. We have nearly 6,000 employees in seven countries. In 2014, our revenue amounted to around EUR 1.8 billion. Our share is listed on NASDAQ OMX Helsinki. www.yitgroup.com