YIT to construct a rental apartment building for OP-Vuokratuotto fund

YIT CORPORATION Investor News March 17, 2016 at 9:00 a.m.

YIT has signed an agreement with OP-Vuokratuotto non-UCITS Fund on the construction of a non-subsidised rental apartment building in Vantaa, Finland. The value of the agreement is around EUR 11 million. Construction will start immediately, and the project will be completed in autumn 2017.

The project will comprise approximately 50 apartments and will be constructed on YIT’s plot according to the company’s design. The construction of the project will not tie YIT’s capital.

For further information, please contact:

Sanna Kaje, Vice President, Investor Relations and M&A, YIT Corporation, tel. +358 50 390 6750, sanna.kaje@yit.fi
Harri Isoviita, Senior Vice President, Residential Construction, YIT Construction Ltd, tel. +358 40 553 3833, harri.isoviita@yit.fi


Sanna Kaje
Vice President, Investor Relations and M&A

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

YIT is a construction industry leader that creates sustainable urban environments by constructing housing, business premises, infrastructure and entire areas. We focus on providing a first-class customer experience, high quality and continuous development of our diverse expertise. Our operating area covers Finland, Russia, the Baltic countries, the Czech Republic, Slovakia and Poland. Our vision is to stay one step ahead – while caring for our customers, partners and personnel. We have over 5,300 employees in eight countries. In 2015, our revenue amounted to nearly EUR 1.7 billion. Our share is listed on Nasdaq OMX Helsinki. www.yitgroup.com