• Investor news
  • 24.08.2021 07:00 CET

YIT has signed a contract on the second phase of the University of Helsinki Main Building renovation

YIT Helsingin yliopiston päärakennus

YIT Helsingin yliopiston päärakennus

YIT, as part of an alliance, has signed a contract on the second phase of the University of Helsinki Main Building renovation. The total value of the project is approximately EUR 40 million, of which YIT’s share is approximately EUR 37 million. The project will be entered in the order backlog of this year’s third quarter. 

The second phase of the renovation of the Main Building consists of the part of the Main Building on Fabianinkatu, designed by J. S. Sirén. The work will begin in August 2021 and the project is scheduled to be completed in summer 2023. The first phase of the renovation of the Main Building, the section facing Senate Square, which was designed by Carl Ludvig Engel, and two-storey sections designed by J.S. Sirén along Yliopistonkatu and Aleksanterinkatu, will be completed in full in August 2021 and will be commissioned in the autumn.

In the alliance, the University of Helsinki Funds is the project client, YIT is the contractor and Jeskanen-Repo-Teränne Arkkitehdit Oy is responsible for the project’s architectural design. The renovation project consists of three main phases: the development phase that started in 2020, the implementation phase that is now starting and the after-sales responsibility phase. The after-sales responsibility phase is set to continue until 2028. 

The Main Building of the University of Helsinki is protected as a historically significant building.

For further information, please contact:
Tommi Järvenpää
, Vice President, Investor Relations, YIT Corporation, tel. +358 (0)40 576 0288, tommi.jarvenpaa@yit.fi
Tom Ekman, Executive Vice President, Business Premises segment, YIT Corporation, tel. +358 (0)40 771 2514, tom.ekman@yit.fi

YIT Corporation
Tommi Järvenpää
Vice President, Investor Relations

Distribution: Nasdaq Helsinki, major media, www.yitgroup.com

YIT is the largest Finnish and a significant North European urban developer and construction company. 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. www.yitgroup.com