YIT started several apartment building projects in Finland in October–December 2019. The largest projects are located in the Helsinki Metropolitan area, including Espoon Otava, Espoon Niittytonttu, Vantaan Savu, Helsingin Teodor, Helsingin Kossi and Helsingin Rosanne. The total value of these larger projects is more than EUR 110 million. The start-ups of the apartments are booked in the order backlog of the fourth quarter of 2019.
Espoon Otava is located in North Tapiola, Espoo, with excellent transport links and services. The value of the project is over EUR 36 million with 90 apartments to be completed in summer 2021.
Espoon Niittytonttu is to be built in the immediate vicinity of the metro station in Niittykumpu, Espoo. The value of the project is over EUR 19 million. It comprises over 70 apartments, which will be completed in summer 2021.
Vantaan Savu is located in the new Lentola residential area in Aviapolis. The value of the project is approximately EUR 16 million. The project comprises over 60 apartments to be completed in late spring 2021.
Helsingin Teodor is located in the Konepaja area, where the Pasila, Vallila and Alppila districts meet. The value of the project is approximately EUR 15 million with more than 30 apartments to be completed in spring 2021.
Helsingin Kossi is located at Capellanranta in Verkkosaari by the sea. The value of the project is over EUR 15 million with more than 35 apartments to be completed by summer 2021.
Helsingin Rosanne is located in the quiet residential area of Konala. The value of the project is over EUR 10 million. The project comprises more than 40 apartments, which will be completed in late spring 2021.
For further information, please contact:
Tommi Järvenpää, Vice President, Investor Relations, YIT Corporation, tel. +358 (0)40 576 0288, firstname.lastname@example.org
Antti Inkilä, Executive Vice President, Housing Finland and CEE, YIT Corporation, tel. +358 (0)40 864 4358, email@example.com
Vice President, Investor Relations
Distribution: NASDAQ Helsinki, major media, www.yitgroup.com
YIT is the largest Finnish and significant North European construction company. We develop and build apartments and living services, business premises and entire areas. We are also specialised in demanding infrastructure construction and paving. Together with our customers, our nearly 10,000 professionals are creating more functional, attractive and sustainable cities and environments. We work in 11 countries: Finland, Russia, Scandinavia, the Baltic Countries, the Czech Republic, Slovakia and Poland. The new YIT was born when the over-100-year-old YIT Corporation and Lemminkäinen Corporation merged on February 1, 2018. Our restated pro forma revenue for 2018 was approximately EUR 3.2 billion. YIT Corporation's share is listed on Nasdaq Helsinki Oy. www.yitgroup.com