YIT agrees on sale and construction of three residential buildings in Prague, Czech Republic – project value for YIT EUR 25 million
YIT Corporation Investor News October 20, 2025, at 10:00 a.m.
The project company behind the Kouvola data centre initiative, Hyperco Fin HoldCo 1 Oy, has selected YIT as the main contractor for the construction of the facility. The project encompasses approximately 28,000 square metres and includes a data centre building, office premises, and associated external technical areas and site works.
“We are very pleased to be able to draw on Finnish construction expertise for the Kouvola project. Our cooperation with YIT strengthens the project’s domestic content and boosts its employment impact both in the Kouvola region and more broadly across Finland. This partnership supports Hyperco’s mission to develop sustainable, future-proof data infrastructure,” said Aleksi Taipale, CEO of Hyperco.
“We are delighted to launch this significant data centre project in close collaboration with the project company behind Hyperco’s Kouvola initiative. The project promotes regional development and further enhances Finland’s digital infrastructure,” said Aleksi Laine, EVP, Infra segment at YIT.
Under the agreement, YIT will leverage its extensive experience and proven expertise in executing large-scale industrial projects. The project further strengthens YIT’s position as Finland’s leading builder of data centres.
The parties have agreed not to disclose the contract value. The project will be included in YIT’s order book for the fourth quarter of 2025. Construction is set to begin at the end of October 2025, with completion scheduled for May 2027.
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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