YIT has acquired a plot for an area development project in St. Petersburg, Russia. The approximately 2.4-hectare plot is located in the Primorsky district, and the plan is to build approximately 800 apartments on the plot in several phases. The first phase is scheduled to start in the first half of 2018.
The acquired plot is located on the north side of the St. Petersburg centre and Neva river. The service offering in the area is wide, and the nearby railway station and metro stations enable good transportation connections to different parts of the city.
The aim of the plot acquisition is to enable maintaining the operating volume in Russia, according to YIT’s strategy.
For further information, please contact:
Hanna Jaakkola, Vice President, Investor Relations, YIT Corporation, tel. +358 40 5666 070, email@example.com
Teemu Helppolainen, Head of Business Area, Russia, YIT Construction Ltd, tel. +7 915 316 8216, firstname.lastname@example.org
Vice President, Investor Relations
Distribution: NASDAQ Helsinki, major media, www.yitgroup.com
YIT creates better living environment by developing and constructing housing, business premises, infrastructure and entire areas. Our vision is to bring more life in sustainable cities. We want to focus on caring for customer, visionary urban development, passionate execution and inspiring leadership. Our growth engine is urban development involving partners. Our operating area covers Finland, Russia, the Baltic countries, the Czech Republic, Slovakia and Poland. In 2015, our revenue amounted to nearly EUR 1.7 billion, and we employ about 5,300 employees. Our share is listed on Nasdaq Helsinki. www.yitgroup.com