YIT starts up residential construction in Lytkarino, Moscow region

Investor news 14 September 2012 at 11 am



YIT starts up residential construction in Lytkarino, Moscow region

YIT has started up an extensive residential construction project in the town of Lytkarino, located close to Moscow. The project, which will be implemented in several phases, involves construction of a total of 79,000 m2 of housing. The first phase will see the construction of 263 residential units with a total floor area of approximately 14,100 m2, due for completion in early 2014.

The town of Lytkarino is located close to major traffic routes and has good public transport connections, which will be improved further during the construction project. YIT’s 7.6-hectare plot is situated in the southwest part of the town. This area is the most important development project for the town of Lytkarino and a key part of its growth plan. The project is the first for YIT’s local subsidiary, YIT Moskovia, in Lytkarino.

Pushkino area is being finished – fourth building completed

YIT Moskovia has delivered the last building of the project comprising four residential buildings in the town of Pushkino in the Moscow region. The project is situated at an attractive site on the bank of the Serebryanka river. The two-part, 19-storey building has 234 residential units with a total floor area of approximately 14,600 m2.

YIT’s area development project in Pushkino has involved the construction of a total of 900 residential units with a total floor area of some 60,000 m2. The project has also paid particular attention to developing the area’s service infrastructure. In addition to housing, the ground and first floors of the newest building contain retail and office premises. YIT will also construct a separate shopping centre with restaurant services and grocery shops on the plot.

For further information, please contact:
Valery Kim, Director General, YIT Moskovia, valery.kim@yit.ru, tel. +7 495 229 7576
Juha Rissanen, Vice President, Moscow Region, juha.rissanen@yit.ru, tel. +7 985 764 9218

YIT Corporation


YIT is celebrating its 100th anniversary in 2012. The company was founded in the Grand Duchy of Finland in 1912. Today, YIT is a leading European service company in building systems, construction services and services for industry. With our 26,000 professionals, we serve our customers in 14 countries: in the Nordic and Baltic countries, Central Europe and Russia. We have grown together with our customers and developed our services as societies have changed. We intend to continue on that path. Our vision is to lead the way in creating and maintaining good living environments. In 2011, YIT's turnover was approximately EUR 4.4 billion. YIT's share is listed on NASDAQ OMX Helsinki. www.yitgroup.com, www.yit.ru

YIT Moskovia builds residential units, multi-storey buildings and small houses under the international YIT Home service concept. It also builds business properties and implements large investment projects. The company provides services for the entire life cycle: from development and design to construction and maintenance of completed properties. Its main operational area is the Moscow region, but the company also operates outside the area. YIT Moskovia, a member of the Builders Association of Russia, is one of the largest construction companies in the Moscow region. www.yit-dom.ru