YIT has agreed on implementation of residential projects in Finland worth approximately EUR 160 million in total
- Investor news
YIT to build a school campus in Juva, Finland
YIT Corporation Investor News 29 January 2019, at 9:30 a.m.
Juva school campus road view Linja Arkkitehdit
YIT and the municipality of Juva in eastern Finland have signed a contract for the implementation of the Juva school campus using the life-cycle model. The campus, to be built on the site of the current school centre, will include a day-care centre for 100 children, a comprehensive school, upper secondary school and sports facilities. The total value of the contract is approximately EUR 30 million, which will be entered in order backlog for the first quarter of 2019. Construction will begin in February 2019. The new premises are set to be in use by January 2021.
YIT will be responsible for the planning, building and maintenance of the campus for a period of 20 years in accordance with the life-cycle model. The maintenance period will begin after the completion of the premises in December 2020.
“In the selection of the constructor, particular attention was paid to the functionality of the premises, the architectural solutions and the environmental targets,” says Mervi Simoska, Municipal Manager of Juva. ”YIT’s solution best matched our requirements in terms of both content and price.”
The life-cycle model ensures that the completed premises are safe and healthy. Thanks to systematic maintenance and maximised energy efficiency, the property’s carbon footprint can be kept as low as possible.
“In the project model, the life cycle of the property is viewed as a whole, not just by focusing on the investment cost,” explains Esa Neuvonen, Executive Vice President, Business Premises at YIT.
Versatile premises that can be used by all residents
Special attention has been paid to the design of innovative space solutions that enable diverse forms of learning and working. The adaptable premises can be put to active use as efficiently as possible through various free-time activities. These include the Lukioteatteri school theatre group that operates on the campus.
The architecture of the campus takes into account the central location in the municipal centre as well as the nearby historically valuable stone church. The calm architecture of the building is offset by small elements that introduce a sense of play and character appropriate for early childhood education and school. The materials are timeless and blend in with the surroundings. The campus and its courtyard act as a communal living room for the town’s residents.
“The campus can be enjoyed by all the local residents, from children in day care to pensioners. Various groups can arrange their own activities in the premises,” says Simoska.
For further information, please contact:
Hanna Jaakkola, Vice President, Investor Relations, YIT Corporation, tel. +358 40 5666 070, email@example.com
Esa Neuvonen, Vice President, Business Premises and Partnership Properties segments, YIT Corporation, tel. +358 40 500 1003, firstname.lastname@example.org
Vice President, Investor Relations
Distribution: Nasdaq Helsinki, major media, www.yitgroup.com
YIT is the largest Finnish and significant North European construction company. We develop and build apartments, business premises and entire areas. We are also specialised in demanding infrastructure construction and paving. Together with our customers, our 10,000 professionals are creating more functional, more attractive and more sustainable cities and environments. We work in 11 countries: Finland, Russia, Scandinavia, the Baltic States, the Czech Republic, Slovakia and Poland. The new YIT was born when over 100-year-old YIT Corporation and Lemminkäinen Corporation merged on February 1, 2018. Our pro forma revenue for 2017 was over EUR 3.8 billion. YIT Corporation's share is listed on Nasdaq Helsinki Oy. www.yitgroup.com