YIT to build a school in Vääksy in the municipality of Asikkala using the life cycle model

YIT Corporation Investor news 3 February 2022 at 10.00 am 

Vääksyn yhteiskoulu
Vääksyn yhteiskoulu

YIT and the municipality of Asikkala have signed a contract on the planning and implementation of the Vääksy upper secondary and high school using a life cycle model, the acquisition of which was carried out through a competitive negotiation procedure. The total value of the contract is approximately EUR 28 million. The contract will be entered in the order book of the first quarter of the year.

The project includes the design, construction, and maintenance of the new school building for 20 years. The contract also includes an additional five-year option for maintenance.

The size of the school building is approximately 6,700 gross m2 and it will provide premises for a total of 530 upper secondary school and high school students. A multi-purpose hall and stage will be built in the building, as well as facilities for arts and crafts, which will also serve the evening use and hobby activities of local residents. The premises will be available for use by sports clubs, companies, associations and other educational institutions, for example.

“Vääksy upper secondary and high school will be a modern and adaptable learning environment that is used by Wellamo College, organisations and associations in the evenings. There will also be facilities for events and concerts for 600 people in the school building. The municipality of Asikkala wants to invest in a highly functional and modern school network, and the construction of a new school building supports this goal,” says Rinna Ikola-Norrbacka, Mayor of the municipality of Asikkala.

The versatile facilities are designed with a focus on ecology, physical activity, safety, diversity and new forms of technology. The project has also prioritised energy efficiency as well as low-carbon design solutions, material choices, equipment, products and services.

"It is great that we are finally able to implement the school project in cooperation with the municipality of Asikkala," says Kari Löytynoja, Vice President, YIT.

Construction work will start in spring 2022 and the school will be commissioned at the start of the autumn semester in 2024. The design of the project has taken into account the landscapes and views of Lake Vesijärvi and Lake Päijänne. Arkkitehtitoimisto Perko Oy is responsible for the architectural design of the school building.

For further information, please contact:
Tommi Järvenpää, Vice President, Investor Relations, YIT Corporation, tel. +358 (0)40 576 0288, tommi.jarvenpaa@yit.fi
Tom Ekman, Executive Vice President, Business Premises segment, YIT Corporation, tel. +358 (0)40 771 2514, tom.ekman@yit.fi

YIT Corporation

Tommi Järvenpää
Vice President, Investor Relations

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

YIT is the largest Finnish and a significant North European development and construction company. With a strong customer focus and clear mission to create better living environments, we develop and build functional homes for sustainable living, future-proof public and commercial buildings and infrastructure for smoother flow of people, businesses and society. We employ 7,400 professionals in ten countries: Finland, Russia, Sweden, Norway, Estonia, Latvia, Lithuania, the Czech Republic, Slovakia and Poland. Our revenue in 2020 was EUR 3.1 billion. YIT Corporation’s share is listed on Nasdaq Helsinki Oy. www.yitgroup.com/fi