YIT has started the construction of new residential projects in Prague, the Czech Republic and in Bratislava, Slovakia. The projects will comprise nearly 180 apartments in total and they will be completed in autumn 2017. The total value of the projects started is over EUR 20 million. According to its strategy, YIT aims to increase the residential production volume in the CEE countries where the residential demand is on a high level.
The project started in Prague is the second phase of a residential project named Koivu Zličín in Prague’s 5th district. The second phase of the project will consist of 90 apartments. The project will be constructed in one of the most popular residential areas in Prague. Very good public transport connections and the vicinity of versatile services including several large shopping centres make the location an attractive living area. The sale of the first phase of the project has progressed well.
The project started in Bratislava is the third phase of an area development project named Tammi. The third phase will consist of around 90 apartments. The project is located in Dúbravka district on a rapidly developing residential area in the vicinity of good services. The Tammi project has been popular among consumers, and its previous phases have sold very well.
For further information, please contact:
Sanna Kaje, Vice President, Investor Relations and M&A, YIT Corporation, tel. +358 50 390 6750, email@example.com
Tom Sandvik, Head of the Baltic countries and Central Eastern Europe business division, tel. +358 400 617 807, firstname.lastname@example.org
Vice President, Investor Relations and M&A
Distribution: NASDAQ Helsinki, principal media, www.yitgroup.com
YIT is a construction industry leader that creates sustainable urban environments by 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. Our vision is to stay one step ahead – while caring for our customers, partners and personnel. We have over 5,300 employees in eight countries. In 2015, our revenue amounted to nearly EUR 1.7 billion. Our share is listed on Nasdaq OMX Helsinki. www.yitgroup.com