YIT sells apartments to investors worth over EUR 35 million

YIT Corporation Investor News September 28, 2016 at 3:00 p.m.

YIT has signed agreements on the sale of around 190 apartments to investors. The apartments will come to rental use and are located in different parts of Finland. The total value of the agreements is over EUR 35 million.  

Of the agreed, 70 apartments are either under construction or completed, and their sales will be booked in Q3 result. In addition, YIT has signed agreements on the construction of two residential projects for investors. The projects will comprise around 120 apartments, of which the construction for approximately 50 apartments will begin on Q3 and for the rest on Q4. 

For further information, please contact: 

Hanna Jaakkola, Vice President, Investor Relations, YIT Corporation, tel. +358 40 5666 070, hanna.jaakkola@yit.fi  


Hanna Jaakkola  

Vice President, Investor Relations  

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

YIT creates sustainable cities and better living environment by developing and constructing housing, business premises, infrastructure and entire areas. We focus on providing a first-class customer experience, high quality and continuous development of our diverse expertise. Our operating area covers Finland, Russia, the Baltic countries, the Czech Republic, Slovakia and Poland. In 2015, our revenue amounted to nearly EUR 1.7 billion, and we employ about 5,300 employees. Our share is listed on Nasdaq Helsinki. www.yitgroup.com