YIT has signed an agreement with the international real estate investment company Hili Properties for the sale of the Rehau production facilities in Klaipeda. The parties have agreed not to disclose the purchase price.
Work on the 19 000 m2 production facility in the port city of Klaipeda began in December 2020 and is scheduled for completion in November 2021. Rehau will start its operations in the facility in January 2022.
The production facilities are constructed on a built-to-suit model, in which they are tailored to meet the needs of the user.
"This is a great example of our ability to develop user-oriented projects", says Peter Forssell, Senior Vice President, Business Premises CEE, YIT.
Rehau Group, which has manufactured plastic products for industry for more than 70 years, has 170 business locations and approximately 20,000 employees around the world.
For further information:
Tom Ekman, Executive Vice President, Business Premises segment, YIT Corporation, tel. +358 (0)40 771 2514, email@example.com
Anna Leino, Communications Manager, YIT Corporation, tel. +358 50 3845797 firstname.lastname@example.org
YIT is the largest Finnish and a significant North European urban developer and construction company. Our goal is to create more sustainable, functional and attractive cities and living environments. We develop and build apartments, business premises and entire areas. We also specialise in demanding infrastructure construction. We own properties together with our partners, which supports the implementation of our significant development projects. We also provide our customers with services that increase the value of properties. We employ approximately 7,400 professionals in ten countries: Finland, Russia, Sweden, Norway, Estonia, Latvia, Lithuania, the Czech Republic, Slovakia and Poland. Our revenue in 2020 was approximately EUR 3.1 billion. YIT Corporation's share is listed on Nasdaq Helsinki Oy. www.yitgroup.com