YIT to renovate the property at Aleksanterinkatu 13 in downtown Helsinki

YIT Corporation Investor news 26 September 2022 at 3:00 p.m.

Picture: Ilmarinen, Aleksanterinkatu 13
Picture: Ilmarinen, Aleksanterinkatu 13

YIT has signed a contract with Ilmarinen Mutual Pension Insurance Company on the renovation of the property located at Aleksanterinkatu 13 in Helsinki. The parties have agreed that the total value of the contract will not be published. The contract encompasses approximately 12,000 gross square metres. 

The renovation contract will be implemented as a project management contract to be started in October 2022. The contract is due for completion in the spring of 2024. An application for LEED Gold certification will be submitted for the building. 

Aleksanterinkatu 13 is a famous high-value property in downtown Helsinki. Initially known as the Lundqvist commercial building, it was designed by architect Selim A. Lindqvist and built in 1900. The renovation contract includes the conversion of the building’s shop premises into modern business, office and conference facilities. 

For further information, please contact:
Samu Heikkilä, Investor Relations Manager, YIT, 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
Chief Financial Officer

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: We develop and build functional homes for sustainable living, future-proof public and commercial buildings as well as infrastructure for a 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