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- Press Release
- 15.12.2025 09:00 CET
YIT strengthens Residential CEE growth through new joint venture in Czechia
YIT Corporation Press Release December 15, 2025, at 10:00 a.m.
YIT has entered into a joint venture with Czech-Slovak ONE FAMILY OFFICE in Czechia to accelerate growth in the Residential CEE segment. The cooperation supports YIT’s strategic focus to improve capital efficiency. YIT and ONE FAMILY OFFICE each own 50% of the now established joint venture. The parties have agreed not to disclose the value of the transaction.
The first project under this cooperation will be Lumo Braník, a residential development project in Prague 4. The project will transform the former Kuta Centrum administrative block into a modern residential area offering approximately 150 apartments. Construction is expected to start in 2026. The location combines peaceful surroundings with excellent transport connections and comprehensive local amenities, making it an attractive choice for sustainable urban living.
“The transaction is an important step in executing our strategy to strengthen the Residential CEE segment and enhance capital efficiency. Partnering with a financially strong and experienced investors enables us to accelerate growth and scale up our opportunities,” said Justyna Filipczak, EVP, Residential CEE at YIT.
The cooperation will focus on residential development projects in Czechia, where YIT has a strong track record and brand presence. YIT will be responsible for project development, construction, and sales, while ONE FAMILY OFFICE will contribute to project financing.
For further information:
YIT Corporate communications, tel. +358 44 743 7536, press@yit.fi
Distribution: Nasdaq Helsinki, major media, www.yitgroup.com
We build and develop sustainable living environments: functional and attractive homes, future-proof public and commercial buildings, infrastructure to support the green transition as well as industrial, production, and energy facilities to support our customers' processes. YIT's vision is to be the expert partner in developing sustainable homes, spaces, and cities - for a good life. There are approximately 4,100 professionals in our team and our revenue in 2024 was EUR 1.8 billion. YIT Corporation's shares are listed on Nasdaq Helsinki.
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