YIT starts the construction of an area project in the city centre of Bratislava, Slovakia
YIT starts the construction of a significant area development project in the city centre of Bratislava, Slovakia. A total of over 400 apartments and nearly 30 commercial premises will be constructed in the 1.7-hectare area by 2020. The total value of the project is over EUR 70 million and it will be constructed in five phases. The project’s first phase that starts now will consist of over 130 apartments and will be completed in late 2017. The value of the first phase is over EUR 20 million.
The area named STEIN2 will be constructed on the outskirts of the Old Town of Bratislava, in the area of the former Stein brewery with respect for the old area and buildings. Some of the old landmarks of the area will be conserved. In addition to apartment buildings and commercial premises, new infrastructure, green areas and squares for public use will be constructed in the area. The project enjoys excellent public transportation connections, central location and proximity to all public amenities. In pre-marketing, the demand for the apartments has been very high reflecting the uniqueness of the project.
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 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