YIT has received an approximate amount of EUR 51 million from Tripla Mall Ky as return of capital and profit distributions
YIT Corporation Investor News December 5, 2025, at 4:45 p.m.
YIT and the City of Turku have signed the implementation phase contracts for the Kupittaa Core partnership project to kick off the construction phase of the Taito campus and the infrastructure project. The City Council of Turku approved the transition to the project’s implementation phase on November 17, 2025. Construction will begin at the beginning of 2026, and the value of the project entity for YIT is approximately EUR 150 million. The Taito campus and infrastructure project are expected to be completed by the end of 2028. The entity also includes office and residential building rights, which enable YIT to implement self-developed projects in the area in the future.
The Kupittaa Core partnership project is one of the most important urban development projects in the City of Turku and it combines Kupittaa and Itäharju districts into a city centre-like area. The project will strengthen the position of Turku Science Park as one of the most significant growth centers in Finland.
Turku Vocational Institute's Taito campus (approximately 22,000 gross floor area m²) is a campus building for service sector education for approximately 3,000 students and 300 staff members. The building will be a landmark in the area and will accelerate the development of Kupittaa Core into a vibrant urban environment. It will be an attractive hub, with high-quality indoor and outdoor public spaces that will serve as a new meeting place for local residents. The goal of the Taito campus is to promote low-carbon construction, energy efficiency and diversity of urban nature. When completed, it will be one of the first educational institutions in Turku to receive the Rakennustieto Environmental Classification, 4 stars.
The infrastructure project includes the construction of a public transportation deck crossing Helsinginkatu and the railway, a parking facility (approx. 630 spaces), a mobility hub, a public square on the deck (Vipusenaukio) and a pavilion that will serve as an access route to venues for activities located under the deck. The deck connects Kupittaa and Itäharju areas, enabling smooth public transportation, pedestrian and cycling connections. The drop-off points and service yards located below the deck will increase the functionality and safety of the area. The solutions will also improve the accessibility and sustainable mobility of the area and promote the commissioning of the Taito campus. Low-carbon and circular economy solutions are favored in the project, and the implementation supports the achievement of Turku's carbon neutrality goals and the EU taxonomy's sustainability criteria.
Kupittaa's partnership project is exceptionally extensive and versatile, including business premises and infrastructure projects, as well as urban development as part of the preparation of the area's zoning reference plan. The project will be implemented as an alliance between the City of Turku, YIT, Lundén Architecture and Renell Käppi Architects. The representative of the City of Turku in the project is Turku Technology and Science Park Ltd.
The development of Kupittaa Core is progressing in stages. The city plan for the area is prepared in two stages. The plan for the first phase reached legal force on November 15, 2025. The planning of the second phase is progressing and the plan proposal will be submitted in spring 2026. The City of Turku will decide on the progress of zoning separately, in order to ensure that the development proceeds as planned and in accordance with the objectives.
“The Kupittaan Core partnership project, which implements the vision of Turku Science Park, is one of Turku’s most significant urban development projects. Investments in the urban structure of the Science Park strengthen Turku’s national and international competitiveness. Turku’s vitality benefits from the concentration of expertise, jobs, housing and services in the area, which also serves as a major transport hub. The developing connections will further integrate the Science Park into Finland’s growth triangle and strengthen Turku’s role as a gateway to Western Europe”, said Mayor Piia Elo of the City of Turku.
"Kupittaa Core is an excellent example of how YIT's urban development expertise, sustainable construction and long-term cooperation are realized. We are proud to be involved in developing and implementing the new core of the Turku Science Park – a vibrant, sustainable and functionally diverse urban environment”, said Juha Kostiainen, Executive Vice President, Urban Development & ESG at YIT.
For further information:
YIT Corporate communications, tel. +358 44 743 7536, press@yit.fi
Distribution: Nasdaq Helsinki, major media, www.yitgroup.com
We build and develop sustainable living environments: functional and attractive homes, future-proof public and commercial buildings, infrastructure to support the green transition as well as industrial, production, and energy facilities to support our customers' processes. YIT's vision is to be the expert partner in developing sustainable homes, spaces, and cities - for a good life. There are approximately 4,100 professionals in our team and our revenue in 2024 was EUR 1.8 billion. YIT Corporation's shares are listed on Nasdaq Helsinki.
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