YIT starts the construction of a residential project in Prague, the Czech Republic
YIT starts the construction of a residential project named Koivu Zlicin in Prague’s 5th district. The plan is to construct a total of around 150 apartments in two phases. The project’s first phase that starts now will consist of 70 apartments in five four-storey buildings with gardens and a lot of greenery and will be completed in 2017. The value of the first phase is around EUR 10 million. The plot was acquired in autumn 2015 and it will be paid in stages during the development and construction period.
The project will be constructed in one of the 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.
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 OMX, major media, www.yitgroup.com
YIT is a construction industry leader. We create better living environments in Finland, Russia, the Baltic countries, the Czech Republic, Slovakia and Poland. 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 eight countries. In 2014, our revenue amounted to around EUR 1.8 billion. Our share is listed on NASDAQ OMX Helsinki. www.yitgroup.com