YIT has sold to Capital Mill an office building in Tallinn, Estonia

INVESTOR NEWS 28 June 2012 at 12:00 a.m.


YIT has sold to Capital Mill an office building in Tallinn, Estonia

YIT Ehitus AS, Estonian subsidiary of YIT Construction, and Capital Mill signed on 27th of June 2012 an agreement, according to which YIT sells to Capital Mill its 90 % ownership of the Office building Mehhatroonikum located in the Tallinn Science Park Tehnopol.

Mehhatroonikum, currently under construction with planned commissioning on August 2012, is an energy efficient office building with 6 office floors and premises for science and production for its tenants. Leasable area of Mehhatroonikum is totally approx. 8300 m2.

Anchor tenants of Mehhatroonikum building are AS Metrosert, Mehhatroonika Association and Estonian Patent Information Centre.

Tallinn Science Park Tehnopol, where Mehhatroonikum is located, is a science and business environment for knowledge based companies. Today in Tehnopol there operate more than 150 companies, as well as Tallinn University of Technology and IT College.

More information about the Mehhatroonikum office building: www.mehhatroonikum.ee

Additional information:Margus Pôim, Managing Director, YIT Ehitus AS, tel: +372 504 1068, margus.poim@yit.ee
Peter Forssell, Sales Director, transactions, YIT Construction Ltd, International Construction Services, +358 40 532 2273, peter.forssell@yit.fi
Marko Kull, Partner, OÜ Capital Mill, tel: +372 524 5665
, marko.kull@capmill.eu



Kristina Broman
Acting Vice President, Corporate Communications


YIT is celebrating its 100th anniversary in 2012. The company was established in the Grand Duchy of Finland in 1912. Today, YIT is a leading European service company in building systems, construction services and services for industry. Our 26,000 professionals serve customers in 14 countries in the Nordic and Baltic countries, Russia and Central Europe. We have grown together with our customers and developed our services in line with the changes taking place in different societies. We intend to continue on that track. Our vision is to lead the way in creating and maintaining good living environments. In 2011, YIT's revenue was approximately EUR 4.4 billion. YIT's shares are listed on NASDAQ OMX Helsinki. www.yit.fi

Capital Mill was established in the beginning of 2008 with the aim to arrange investments in business real estate in Estonia and to increase their value through high quality property management. Over the years of the operation of the company there have been made several investments in value of 60 million EUR. www.capitalmill.eu