YIT to build a terraced house complex in Espoo for Länsi-Suomen Asunnot Oy

YIT Corporation Press release 24 November 2023 at 11:20 a.m.

YIT Finnsin August Espoo
YIT Finnsin August Espoo

YIT has signed an agreement with Länsi-Suomen Asunnot Oy for the construction of five rows of terraced houses in Espoo. The Asunto Oy Espoon Finnsin August terraced house project is being carried out in the Finnsinmäki area of Espoonkartano. The contract value of the project for YIT is approximately EUR 8 million, and it will be recorded in the order backlog for the last quarter of 2023.

A total of 24 homes will be built in the terraced house complex, and they will be heated with environmentally friendly geothermal energy. During the construction, only renewable, eco-friendly electricity will be used on the construction site. The ARA-funded project has an approximate area of 1,800 square metres. Work will commence at the end of November 2023, and the project is scheduled to be completed in early 2025.

"We are specialised in building affordable and ecological housing, and Asunto Oy Espoon Finnsin August is an excellent project to complement our rental housing offering," said Sami Lehto, Managing Director of Mangrove Rakennuttaja Oy, the developer of the project.

“It’s great that we get to build a new complex of five rows of terraced houses for our customer and build geothermally heated homes in Espoo. We continue the development of the idyllic residential area, and we also have plans for the Asunto Oy Espoon Finnsin Gustav detached house complex as a self-developed project by YIT,” says SVP Harri Isoviita, YIT.

Further information:
YIT Group Communications, tel. +358 44 743 7536, press@yit.fi

YIT is the largest Finnish and a significant North European development and construction company. We develop and build sustainable living environments: functional homes, future-proof public and commercial buildings, infrastructure for smooth mobility, and renewable energy solutions to benefit the climate. We employ around 5,000 professionals in nine countries: Finland, Sweden, Norway, Estonia, Latvia, Lithuania, the Czech Republic, Slovakia, and Poland. Our revenue in 2022 was EUR 2.4 billion. YIT Corporation’s share is listed on Nasdaq Helsinki. Read more: www.yitgroup.com/en