YIT SELLS A PROPERTY IN KOSKELO, ESPOO, TO GERMAN HANSAINVEST
On 1 December 2008, YIT Construction Ltd sold a new property Koskelo Trade Park, located in Espoo, Finland, to HANSAINVEST Hanseatische Investment GmbH. The transaction was completed as the closing terms of the sales agreement were met. The Koskelo Trade Park consists of three properties, the first two of which have already been completed. HANSAINVEST owns the first stages of the Koskelo Trade Park, including the renovated building that constitutes the first stage of the project.
The second phase of the Koskelo Trade Park, a new building with an approximate floor area of 5,500 m2, was completed in November 2008. The tenants have already moved in. The construction of the third phase, with an approximate floor area of 8,300 m2 has progressed to the erection of the frame, with completion planned for the summer 2009. Significant part of the premises have already been reserved.
YIT is also expanding the Trade Park concept to the next plot, where small companies will benefit from space and service solutions that are usually only available to large companies. Several small operators will be located in each building.
For further information, please contact: YIT Seppo Martikainen, Vice President, Transactions, tel. +358 (0)20 433 2905, firstname.lastname@example.org
HANSAINVEST Nils Keggenhoff, Senior Manager Acquisitions & Sales, tel. + 49 (0)151 16 74 46 55, email@example.com
Juha Kostiainen Senior Vice President, Corporate Communications and Business Development
Distribution: Principal media, www.yit.fi
YIT is a successful European service company in building systems, construction services and services for industry. We build, develop and maintain quality living environments in the Nordic region, Russia, the Baltic countries and Central Europe. In 2007, YIT's turnover amounted to EUR 3.7 billion. The Group employs about 27,000 people. YIT's share is listed on OMX Nordic Exchange Helsinki. www.yitgroup.com
HANSAINVEST is one of the leading real estate administrators in Germany, offering customers comprehensive services for real estate management, administration of buildings and real estate funds. HANSAINVEST is an integral part of the SIGNAL IDUNA Group, one of the largest insurance and financial organisations in Germany.