YIT to build two apartment buildings in Helsinki – value to YIT approximately EUR 8 million

YIT and Asumisoikeus Oy Helsingin Hirsipadontie 10 have agreed on the construction of a right-of-occupancy housing project comprising two apartment buildings in Helsinki. The project will be implemented as a turnkey contract, in which the builder is also responsible for the design of the site. Construction work will begin in August 2025 and the project is expected to be completed in October 2026. The contract value for YIT is approximately 8 million.

Asumisoikeus Oy Helsingin Hirsipadontie 10 covers approximately 3,300 square meters of floor space. A total of 39 apartments will be built in two apartment buildings. The project is designed for energy class A and the houses are heated by geothermal heat. Low-carbon concrete is used in the frame and intermediate floors. The facades of the buildings have a wooden cladding and there is a green roof in the outdoor equipment storage.

"YIT is a reliable and high-quality builder and it is great to get to work together. The project represents a new type of urban living. At Hirsipadontie, we particularly focus on exercise, which is visible both in the housing company's own gym and outdoor sports equipment in the yard. As a form of residence, the right of residence allows for flexible living,” said CEO Pasi Peltomäki from Asumisoikeus Oy Helsingin Hirsipadontie 10. 

“We won the competition organized by the customer in the winter of 2024. YIT has been responsible for the design of the site in its entirety, and it is a pleasure to be able to start the building phase of the project now,” said Mikko Lempinen, Head of Unit for Residential in Uusimaa and Häme, YIT.

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

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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