YIT to start the construction of a new residential project in Rostov-on-Don, Russia

YIT Corporation Investor News May 10, 2017 at 12:00 noon

Leninsky Rostov-on-Don YIT
Leninsky Rostov-on-Don YIT

YIT has started the construction of a new residential project in Leninsky city district in Rostov-on-Don in Russia. This is the first phase of a project called Seasons, that has been developed for several years, and its value is over EUR 10 million. The project will comprise almost 270 apartments that are estimated to be completed in the latter half of 2018. The apartments will be recorded in the second quarter’s start-ups.

The Seasons project will be constructed in four phases and it will comprise almost 1,100 apartments to be completed by the end of 2021. The colour design of each phase represents one of the four seasons. A kindergarten, public spaces, four car parks and four different sport fields will be constructed in connection with the project. The project is located close to good transportation connections and services and very near to the city centre.

For further information, please contact:

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

Teemu Helppolainen, Head of Business Area, Russia, YIT Construction Ltd, tel. +7 915 316 8216, teemu.helppolainen@yit.ru


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