YIT began construction of apartment buildings in St. Petersburg, Russia

YIT CORPORATION Press release, March 6, 2018 at 09:00 a.m.


YIT began the construction of new apartment buildings in St. Petersburg, Russia, close to the city centre in the Primorsky district. This Tarmo project consists of five 11-storey apartment buildings that represent modern Finnish architecture.

The value of the first phase of the project including 194 apartments is nearly EUR 15 million. The beginning of the construction project was registered in the first quarter of 2018.

This is the first Tarmo project to offer new “Transformer apartments”. Transformer apartments offer residents the possibility to change the floor plan and interior of their apartments according to the planned options—for example, when the family size grows.

The Tarmo project is located on a 2.4-hectare plot. Playgrounds, a sports field and a parking area for bicycles will be built in a protected courtyard. A daycare center is planned for the area. Residents will have the possibility to use a local parking garage that will accommodate 400 cars.

Tarmo apartments range from small studio apartments and one-room apartments to spacious family apartments. Some of the apartments come with the so-called euro floor plan, that is, an open-plan kitchen combined with a living room and spacious main bedroom. All Tarmo apartments have glazed balconies and some apartments have a space reserved for a sauna.

Further information:

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

Hanna Malmivaara, Vice President, Communications, YIT Corporation, tel. +358 (0)40 561 6568, hanna.malmivaara@yit.fi

YIT is the biggest construction company in Finland and a major player in Northern Europe. We construct and develop apartments, business premises and entire residential areas. Furthermore, we are specialists in infrastructure construction and paving. Together with our customers, our 10,000 professionals create increasingly functional, appealing and sustainable cities and living environments. We have operations in 11 countries: Finland, Russia, Scandinavian and Baltic countries, the Czech Republic, Slovakia and Poland. The new YIT was created by the merger of YIT Corporation and Lemminkäinen Corporation, both over 100 years old, on February 1, 2018. In 2017, our combined annual revenue amounted to over EUR 3.8 billion. YIT Corporation’s share is listed on Nasdaq Helsinki. www.yitgroup.com