YIT TO BUILD FACILITIES FOR INSTRU IN SINIMÄKI IN ESPOO, FINLAND
YIT will build new facilities for Instru Optiikka Oy in Sinimäki in Espoo, Finland. The project will include some 1,200 m2 of warehouse facilities and 1,900 m2 of office space. Instru Optiikka will move to the new facilities in May 2010. Also Swarco Finland Oy has leased new facilities in Sinimäki.
Owned by the Tapiola Group, the building has a gross floor area of about 18,200 m2, and its renovation work is already partly finished. In addition to the renovation, YIT will be responsible for renting the facilities. A number of companies have already moved into the building, including Karelia-Upofloor, a flooring manufacturer; Hovila Oy, an importer of fixtures and building fittings; Eastway Sound & Lighting Oy, a public and business event organiser; and Documentus Oy, a specialist in document management and archiving. The responsible developer is Kiinteistö-Tapiola Oy.
- The facilities at Sinimäentie have aroused broad interest, and most of them have already been rented. The area along Turunväylä will be developed considerably in the near future so we expect that demand will continue to be keen, says Mia Halttunen, YIT's Account Manager, who is responsible for renting the site.
New facilities also to be constructed in Sinimäki
In addition to the renovation project, a 3,500 m2 extension will be built on the property, including customised logistics and warehouse premises and office space.
- The extension at Sinimäentie is an excellent alternative for companies that seek office space in addition to warehouse and logistics premises located next to good traffic connections in the Helsinki region, Halttunen continues.
For additional information, please contact: Timo Erkkilä, Unit Manager, YIT Construction Ltd, tel. +358 40 540 4313, firstname.lastname@example.org Arto Nummela, Real Estate Manager, Kiinteistö-Tapiola Oy, tel. + 358 40 754 9728, email@example.com
Virva Salmivaara Senior Vice President, Corporate Communications
Distribution: principal media, www.yitgroup.com
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 Nordic countries, Russia, Baltic countries and Central Europe. In 2009, YIT's revenue amounted to EUR 3.5 billion. The Group employs about 23,500 people. YIT's share is listed on NASDAQ OMX Helsinki. www.yitgroup.com
Kiinteistö-Tapiola Oy is a company owned fully by the Tapiola Group and offering real estate investment and facility management services. The value of the building stock managed by the company was approximately EUR 2.3 billion at the end of 2009. The building stock managed by Kiinteistö-Tapiola Oy comprises office, business, logistics, industrial, hotel and residential facilities. The total rentable floor area is approximately 1.1 million m2, most of it office and business premises.