YIT will construct three apartment buildings for residential investors

YIT CORPORATION              INVESTOR NEWS      FEBRUARY 29, 2016 AT 1:30 P.M.

YIT will construct three apartment buildings for residential investors

YIT has signed an agreement on the construction of three non-subsidised rental apartment buildings in Tampere, Finland. The total value of the agreements is around EUR 20 million. Construction will start immediately, and the projects will be completed in phases during spring 2017.

The projects will comprise approximately 140 apartments and will be constructed on plots controlled or owned by YIT according to the company’s design. The construction of the projects will not tie YIT’s capital.

For further information, please contact:

Sanna Kaje, Vice President, Investor Relations and M&A, YIT Corporation, tel. +358 50 390 6750, sanna.kaje@yit.fi
Ilkka Kääriäinen, Regional Manager, Building Construction, YIT Construction Ltd, tel. +358 40 519 5953, ilkka.kaariainen@yit.fi 


Sanna Kaje
Vice President, Investor Relations and M&A

Distribution: NASDAQ OMX, principal media, www.yitgroup.com

YIT is a construction industry leader that creates sustainable urban environments by constructing housing, business premises, infrastructure and entire areas. We focus on providing a first-class customer experience, high quality and continuous development of our diverse expertise. Our operating area covers Finland, Russia, the Baltic countries, the Czech Republic, Slovakia and Poland. Our vision is to stay one step ahead – while caring for our customers, partners and personnel. We have over 5,300 employees in eight countries. In 2015, our revenue amounted to nearly EUR 1.7 billion. Our share is listed on Nasdaq OMX Helsinki. www.yitgroup.com