YIT started the construction of a residential area in Yekaterinburg, Russia
YIT started the construction of the first phase of a residential area called Manevrovaya in Sortirovka area in Yekaterinburg, Russia. The value of the first phase of the project is approximately EUR 10 million and it will be completed in summer 2016. The project was started in the first quarter. The entire project will consist of 4 apartment buildings and the total value will be around EUR 45 million.
Manevrovaya 1 -project will consist of one 24-storey building comprising 220 apartments, with total living area of around 9,800 square metres. Apartments vary from studios to three rooms in size, focusing on studios and two-room apartments. In addition, 14 business premises are planned on the ground floors, and an over ground parking facility will be built in connection to the building.
Manevrovaya-project will be built in a neighbourhood with good transport connections and developed infrastructure. Tram-, taxi- and bus stops are located within a walking distance. There are plenty of shops, versatile services, schools and a kindergarten in the area.
For additional information, please contact:
Sanna Kaje, Vice President, Investor Relations, YIT Corporation, tel. +358 50 390 6750, firstname.lastname@example.org
Teemu Helppolainen, Head of Housing Russia segment, YIT Construction Ltd, tel. +7 915 316 8216, email@example.com
Vice President, Investor Relations
Distribution: NASDAQ OMX, principal media, www.yitgroup.com
YIT is a construction industry leader. We create better living environments in Finland, Russia, the Baltic countries, the Czech Republic and Slovakia. Over 100 years of experience have secured us a strong market position: we are the largest housing developer and one of the largest business premises and infrastructure developers in Finland, and the most significant foreign housing and area developer in Russia. Our vision is to stay one step ahead – while taking care of our customers, partners and personnel. We have nearly 6,000 employees in seven countries. In 2014, our revenue amounted to around EUR 1.8 billion. Our share is listed on NASDAQ OMX Helsinki. www.yitgroup.com