YIT sells 190 apartments in Finland to its joint venture’s rental housing portfolio

YIT Corporation Investor News 29 June 2023 at 4.30 p.m.

YIT has signed a contract on selling 190 apartments and 63 parking spaces in Finland for the rental housing portfolio of one of YIT's joint ventures. The apartments are completed or in the final stages of construction, mainly one and two-bedroom apartments, which are well suitable for rental purposes. The parties have agreed not to disclose the value or any other details of the transaction.

Further information:
Samu Heikkilä, Investor Relations Manager, YIT, tel. +358 44 581 7979, samu.heikkila@yit.fi
Antti Inkilä, EVP, Housing, YIT, media enquiries through Group Communications, tel. +358 44 743 7536, press@yit.fi

YIT Corporation

Tuomas Mäkipeska

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

YIT is the largest Finnish and a significant North European development and construction company. We develop and build sustainable living environments: functional homes, future-proof public and commercial buildings, infrastructure for smooth mobility, and renewable energy solutions to benefit the climate. We employ around 5,000 professionals in nine countries: Finland, Sweden, Norway, Estonia, Latvia, Lithuania, the Czech Republic, Slovakia and Poland. Our revenue in 2022 was EUR 2.4 billion. YIT Corporation’s share is listed on Nasdaq Helsinki. Read more: www.yitgroup.com