YIT starts the construction of an area project in Prague, the Czech Republic
YIT starts the construction of a significant area development project in Prague’s 9th district. A total of nearly 900 apartments will be constructed in the 9-hectare area by 2025. The total value of the project is over EUR 100 million and it will be constructed in several phases. The project’s first phase that starts now will consist of approximately 150 apartments and will be completed in 2017. The value of the first phase is over EUR 15 million.
The project will be constructed in one of the fastest developing parts of the city. The good public transport connections, green area and the vicinity of versatile services make the location an attractive living area. YIT announced the area’s plot acquisition in spring 2015.
For additional 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, 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