YIT to construct apartments for OP-Vuokratuotto fund worth around EUR 20 million

YIT Corporation Investor News November 28, 2016 at 3:00 p.m.

YIT and OP-Vuokratuotto non-UCITS fund have signed agreements on the construction of two residential projects to Vantaa and Järvenpää, Finland. The value of the contracts is approximately EUR 20 million, and the projects will comprise total of around 110 apartments. The construction will start in November 2016 and the projects will be completed in autumn 2017 and spring 2018. Both projects are part of previously signed pre-agreements with OP-Vuokratuotto.

For further information, please contact:

Hanna Jaakkola, Vice President, Investor Relations, YIT Corporation, tel. +358 40 5666 070, hanna.jaakkola@yit.fi
Harri Isoviita, Senior Vice President, Residential Construction, YIT Construction Ltd, tel. +358 40 553 3833, harri.isoviita@yit.fi


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 2015, our revenue amounted to nearly EUR 1.7 billion, and we employ about 5,300 employees. Our share is listed on Nasdaq Helsinki. www.yitgroup.com