YIT to construct a terminal project for Posti in Vantaa, Finland

YIT has signed a contract with Posti to carry out a terminal project in Viinikkala, Vantaa, Finland. The construction of the terminal property of 26,000 square metres is intended to begin in March and it will be completed in summer 2018. The total value of the project for YIT is approximately EUR 29 million. The project is located in K3 Logistics business area, developed by YIT, between Ring III and Helsinki Airport.

“The location of the terminal is ideal regarding material flows of Posti and our customers. The terminal meets the needs of Posti’s increasing freight volumes”, says Jaakko Kaidesoja, Head of Posti’s transport services.

“The new generation logistics terminal designed by Posti and YIT together represents the cutting edge of the field both technically and functionally”, says Heikki Lähdesniemi, Project Development Manager for the project at YIT.

“We will continue to construct both this significant terminal and at the same time the whole K3 business area in the logistic core of the capital region”, says Kalle Isometsä, Head of Unit at YIT.

For further information, please contact:

Hanna Jaakkola, Vice President, Investor Relations, YIT Corporation, tel. +358 40 5666 070, hanna.jaakkola@yit.fi   

Kalle Isometsä, Head of Unit, YIT Construction Ltd., tel. +358 40 519 5967, kalle.isometsa@yit.fi

YIT CORPORATION

Hanna Jaakkola

Vice President, Investor Relations

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

YIT creates better living environment by developing and constructing housing, business premises, infrastructure and entire areas. Our vision is to bring more life in sustainable cities. We want to focus on caring for customer, visionary urban development, passionate execution and inspiring leadership. Our growth engine is urban development involving partners. Our operating area covers Finland, Russia, the Baltic countries, the Czech Republic, Slovakia and Poland. In 2016, our revenue amounted to nearly EUR 1.8 billion, and we employ about 5,300 employees. Our share is listed on Nasdaq Helsinki. www.yitgroup.com