YIT has signed a contract with an investor on the realisation of Finnish residential projects with a total value of approximately EUR 50 million
- Investor news
YIT has signed an implementation phase contract on the construction of the new H Building of Vaasa Central Hospital
YIT Corporation Investor News June 3, 2019 at 12:30 p.m.
YIT, as part of the Bothnia High 5 alliance, has signed an implementation phase alliance contract on the construction of the new H Building of Vaasa Central Hospital. The total value of the contract is approximately EUR 140 million, of which YIT’s share is approximately EUR 123 million. The contract will be entered in the second quarter's order backlog.
The Bothnia High 5 alliance consists of YIT, Ramboll Finland, Raami Architects, Kontukoski Architects, Granlund Pohjanmaa and the Vaasa Hospital District.
The construction work starts immediately. The project’s implementation phase consists of the construction period and a five-year warranty period, which begins when the building is put into use. The new building will be put into use in 2022. The implementation phase was preceded by a development phase that began in December 2017 and involved planning, infrastructure works and preparatory work in the hospital area.
Additional information on the Bothnia High 5 project is available in Finnish at www.bothniahigh5.fi.
For further information, please contact:
Hanna Jaakkola, Vice President, Investor Relations, YIT Corporation, tel. +358 40 566 6070, email@example.com
Esa Neuvonen, EVP, Business Premises and Partnership Properties segments, YIT Corporation, tel. +358 40 500 1003, firstname.lastname@example.org
Vice President, Investor Relations
Distribution: Nasdaq Helsinki, major media, www.yitgroup.com
YIT is the largest Finnish and a significant Northern European construction YIT is the largest Finnish and significant North European construction company.company. We develop and build apartments and living services, business premises and entire areas. We are also specialised in demanding infrastructure construction and paving. Together with our customers, our nearly 10,000 professionals are creating more functional, attractive and sustainable cities and environments. We work in 11 countries: Finland, Russia, Scandinavia, Baltic Countries, the Czech Republic, Slovakia and Poland. The new YIT was born when over 100-year-old YIT Corporation and Lemminkäinen Corporation merged on February 1, 2018. Our pro forma revenue for 2018 was approximately EUR 3.8 billion. YIT Corporation's share is listed on Nasdaq Helsinki Oy. www.yitgroup.com