YIT to construct apartments worth around EUR 13 million for a housing fund

YIT Corporation Investor News March 1, 2017 at 8:00 a.m.

YIT has signed agreements on the construction of three residential projects in capital region in Finland for a housing fund. The value of the contracts is approximately EUR 13 million, and the projects will comprise total of around 70 apartments.

The construction will start in spring 2017 and the projects will be completed in early 2018. The projects will be recorded in the order backlog in the first quarter of 2017. The projects are part of pre-agreements previously signed with the housing fund, and the target is to start more projects under the pre-agreement during spring 2017.

For further information, please contact:

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

Antti Inkilä, Head of Housing Finland and CEE segment, YIT Corporation, tel. +358 40 864 4358, antti.inkila@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 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