YIT chosen as the constructor of Metropolia’s Myllypuro campus project

YIT Corporation Investor News October 26, 2016 at 10:00 a.m.

Myllypuron kampus. Helsingin kaupunki / Arkkitehtitoimisto Lahdelma & Mahlamäki Oy ja Arkkitehtitoimisto Lehto Peltonen Valkama Oy
Myllypuron kampus. Helsingin kaupunki / Arkkitehtitoimisto Lahdelma & Mahlamäki Oy ja Arkkitehtitoimisto Lehto Peltonen Valkama Oy

YIT has signed a project management contract with Kiinteistö Oy Myllypuron Kampus regarding the construction of Myllypuro campus project for Metropolia University of Applied Sciences. With a value of over EUR 70 million for YIT, the start-up is recorded in the order backlog in the fourth quarter. The construction will be started at the end of October or at the beginning of November. The project will be completed in two phases in July 2018 and August 2019. With a total area of approximately 56,000 square metres, the campus offers space for approximately 6,000 students and 500 employees.

City of Helsinki is having the campus built for Metropolia University of Applied Sciences. The campus will be built in the core of Myllypuro, next to Ring 1 and Liikuntamylly Recreation Centre partly on top of the metro track. The campus consists of four connected buildings, where the following Metropolia operations will move in: Social Sciences and Health Care, Construction and Real Estate, University Management and Centralized Shared Services. In addition, the campus offers sports, therapy and laboratory spaces for educational needs. More information about Myllypuro campus project is available at Metropolia’s website at metropolia.fi/en/about-us/campuses/myllypuro-campus.

For further information, please contact:

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

Kalle Isometsä, Head of Unit, YIT Construction Ltd, tel. +358 40 519 5967, kalle.isometsa@yit.fi  


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 2015, our revenue amounted to nearly EUR 1.7 billion, and we employ about 5,300 employees. Our share is listed on Nasdaq Helsinki. www.yitgroup.com