YIT to build new facilities for Nokia in Oulu

YIT Corporation Investor news 7 April 2022 at 7:00 a.m.

YIT has signed a contract agreement with Nokia regarding the building of new facilities in Oulu. The parties have agreed not to disclose the amount of the transaction.

The property will include office, laboratory and production premises. The property will be built in the Linnanmaa area in Oulu and it will be used by the Oulu unit of Nokia. The new facilities will be a combination of high technology and sustainability, and the flexible future ways of working will be taken into account in their planning.

The total floor area of the project is nearly 50,000 square metres. The contract will begin in May 2022 and the work is scheduled to be completed in June 2025.

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. For 110 years, we have been creating better living environments for our customers: functional homes for sustainable living, future-proof public and commercial buildings and infrastructure for smoother flow of people, businesses and society. We employ 7,000 professionals in ten countries: Finland, Russia, Sweden, Norway, Estonia, Latvia, Lithuania, the Czech Republic, Slovakia and Poland. Our revenue in 2021 was EUR 2.9 billion. YIT Corporation's share is listed on Nasdaq Helsinki Oy. www.yitgroup.com