YIT to build two life cycle schools in Siilinjärvi

YIT Corporation Investor News 14 July 2023 at 09:00 a.m.

YIT Ahmon koulu Siilinjärvi
YIT Ahmon koulu Siilinjärvi

YIT to build two life cycle schools in Siilinjärvi

YIT and the municipality of Siilinjärvi have agreed on the construction and maintenance of two schools using the life cycle model. YIT is responsible for the design, implementation and 20-year service period of the projects. The service period also includes responsibility for the optimum energy consumption of the properties. The total value of the contracts for YIT is approximately EUR 73 million, and it will be recorded in the order book for the third quarter of the year.

The project includes the Ahmo school centre, which will house a secondary school and upper secondary school, and the Siilinjärvi primary school. The total floor area of the properties is almost 18,000 gross square metres, and the facilities will serve approximately 1,260 pupils. A four-star environmental rating on the RTS environmental certification scale will be sought for the projects. Construction works will commence during 2023, and the schools are planned to be completed in phases between 2025 and 2027.

The starting points of the design solution are safe, healthy and accessible premises. The teaching premises will be made to be flexible and adaptable to suit different teaching scenarios and groups of different sizes flexibly in the future as well. The multi-purpose hall of the Ahmo school will be the biggest hall in the municipality, making it possible to play e.g. competition-level volleyball as well as offering extensive grandstand facilities. The Ahmo school will also feature a multi-purpose space that will form a functional entity with the lobby, canteen and cabinets. The premises will see efficient use, serving the municipality’s residents, NGOs and adult education centre in the evenings and weekends. In addition to teaching, the multi-purpose space will be used as a sports facility and for diverse cultural and other events.

Further information:
Samu Heikkilä
, Investor Relations Manager, YIT, tel. +358 44 581 7979, samu.heikkila@yit.fi
Tom Ekman, EVP, Business Premises segment, YIT, media inquiries through Group Communications, tel. +358 44 743 7536, press@yit.fi

YIT Corporation

Tuomas Mäkipeska
Chief Financial Officer

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, 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