YIT to construct a residential apartment building for Auratum Asunnot in Turku

YIT Corporation Investor News 16 December 2022 at 12:00 p.m.

YIT As Oy Primus Turku
YIT As Oy Primus Turku

YIT and Auratum Asunnot Turku Oy have agreed on the construction of As Oy Primus in the historical Kerttulinmäki district in Turku, located between Kupittaa and the city centre. Auratum is a real estate and housing developer operating in Turku and the Helsinki metropolitan area. The value of the contract is approximately EUR 28 million, and it will be entered in the order book for the fourth quarter of the year.

Construction will begin in January 2023, and the project is scheduled for completion in the summer of 2025. The contract covers the construction of an eight-storey apartment building, two-storey terraced houses in the inner yard, parking slots under the car deck and a basement.

The property will have a total of 167 high-quality homes, ranging from 28 square metres studios to spacious 200 square metres apartments. A club room, a gym and car washing facilities will be implemented for the housing company. The amenities will also include accessible facilities and a green inner yard. A spacious lift will take residents to the parking garage.

Further information:
Samu Heikkilä, Investor Relations Manager, YIT Corporation, 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

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 5,500 professionals in nine countries: Finland, Sweden, Norway, Estonia, Latvia, Lithuania, the Czech Republic, Slovakia and Poland. Our revenue in 2021 was EUR 2.7 billion. YIT Corporation’s share is listed on Nasdaq Helsinki Oy. www.yitgroup.com