YIT to build a research building in Otaniemi, Espoo, for Technopolis

YIT Corporation Investor News 17 October 2023 at 12:00 p.m.

YIT Tehcnopolis phase 3
YIT Tehcnopolis phase 3

YIT and Technopolis have agreed on the construction of a new research building in Otaniemi, Espoo, and the building will be occupied by VTT Technical Research Centre of Finland Ltd. The total value of the contract for YIT is approximately EUR 28 million, and it will be recorded in the order book for the last quarter of the year.

The campus property Innopoli 4 and the related outdoor areas are being constructed in several phases. The current contract is the third phase of the project, and the new building will be connected to the property already in use. The project encompasses approximately 7,900 gross square metres.

Eight floors will be built in the premises and a lower research hall wing. The building will house laboratories and related operations as well as special premises, such as radio protected premises, X-ray premises and cleanrooms. These will require a significant amount of technical building systems and different kinds of systems in the building. The leasable floor area is about 5,700 square metres.

The property will be fitted with solar power panels, and LEED Gold environmental certification will be submitted for the current phase. For YIT, work will start in January 2024 and the project is scheduled for completion in late summer 2025.

Further information:
YIT Group Communications, tel. +358 44 743 7536, press@yit.fi

Distribution: NASDAQ Helsinki, major media, www.yitgroup.com

YIT is the largest Finnish and a significant North European development and construction company. We develop and build sustainable living environments: functional homes, future-proof public and commercial buildings, infrastructure for smooth mobility, and renewable energy solutions to benefit the climate. We employ around 5,000 professionals in nine countries: Finland, Sweden, Norway, Estonia, Latvia, Lithuania, the Czech Republic, Slovakia and Poland. Our revenue in 2022 was EUR 2.4 billion. YIT Corporation’s share is listed on Nasdaq Helsinki. Read more: www.yitgroup.com