YIT to sell an apartment building for a private cooperative in Prague, the Czech Republic
YIT has sold an apartment building to a private cooperative in Prague. The agreement was signed in the end of March. The building comprises over 80 apartments and the total value of the agreement is almost EUR 10 million. Construction of the project started in the end of 2014 and it will be completed in summer 2016. The project will be constructed on a plot owned by YIT according to the company’s design.
The cooperative buys the building and arranges for the financing of the project. A consumer may join the cooperative by paying a membership fee which entitles him or her to an apartment.
For additional information, please contact:
Sanna Kaje, Vice President, Investor Relations, YIT Corporation, tel. +358 50 390 6750, email@example.com
Tom Sandvik, Head of The Baltic countries and Central Eastern Europe business division, tel. +358 400 617 807, firstname.lastname@example.org
Vice President, Investor Relations
Distribution: NASDAQ OMX, principal media, www.yitgroup.com
YIT is a construction industry leader. We create better living environments in Finland, Russia, the Baltic countries, the Czech Republic and Slovakia. Over 100 years of experience have secured us a strong market position: we are the largest housing developer and one of the largest business premises and infrastructure developers in Finland, and the most significant foreign housing and area developer in Russia. Our vision is to stay one step ahead – while taking care of our customers, partners and personnel. We have nearly 6,000 employees in seven countries. In 2014, our revenue amounted to around EUR 1.8 billion. Our share is listed on NASDAQ OMX Helsinki. www.yitgroup.com