YIT and Helsinki City Housing Company have agreed on the renovation of two apartment buildings – value to YIT approximately EUR 14 million

YIT and Helsinki City Housing Company (Heka) have signed a comprehensive agreement on the renovation of a rental housing company located at Jokiniementie 5 in Veräjämäki, Helsinki. The total value of the contract for YIT is just under EUR 14 million, and it will be recorded in the order book for the first quarter of the year.

The renovation agreement encompasses two apartment buildings completed in 1964, with a total of 116 apartments, a garage building, and a waste canopy to be converted into a bicycle storage facility. The apartment buildings consist of four residential floors and a basement. As part of the renovation, accessibility, building technology and energy efficiency of the housing company will be improved by implementing geothermal heat alongside district heating and by adding heat recovery to exhaust ventilation. Facades and courtyards will also be renovated.

"After a comprehensive renovation, the quality level of the apartments will rise significantly, and they will provide a comfortable and safe home for Helsinki residents for decades to come," says Vesa Nevala, Housing Development Director at Heka.

"This project will continue our long-term collaboration with Heka. Renovation is a significant environmental measure. In connection with it, the housing company's energy solutions will be improved and the properties will be upgraded to be more energy efficient,” says Jani Dementjeff, Vice President of the Renovation unit at YIT.

The construction works will be started at the end of April 2026, and the project will be completed in spring 2027.

Further information:
YIT Group Communications, tel. +358 44 743 7536, press@yit.fi

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