YIT to construct a new logistics centre in K3 Logistics business area in Vantaa, Finland

YIT Corporation Press Release October 19, 2016 at 9:00 a.m.

K3-Logistics Wihuri YIT
K3-Logistics Wihuri YIT

YIT has signed a contract with Wihuri to carry out a new logistics centre project for Wihuri Oy Aarnio. The office and logistics property of 25,000 square metres is located in K3 Logistics business area, developed by YIT, in Viinikkala, Vantaa, Finland between the Ring Rail Line, Ring III and Runway 3. Due to its central location and a diverse selection of plots, the area offers opportunities for large logistics solutions.

“Our new logistics centre represents a modern, temperature controlled flow through model which enables us to serve our customers even more efficiently and with better quality. The logistics centre will include also office premises of 2,500 square metres where our clerical staff working in the metropolitan area apart from cash-and-carry outlets personnel will move”, says Juha Mattila, Vice President & General Manager at Wihuri Oy Aarnio.

“Co-operation between the two hundred-year-olds has taken place in very good spirits. This project is a great continuation of Wihuri’s long story as a daily goods wholesale operator and it completes the extensive K3 business area developed by YIT”, mentions Heikki Lähdesniemi, Manager of Property Development at YIT.

“This significant project has aroused strong interest among many property investors, with whom the negotiation process is in the final stage”, says Timo Lehmus, Head of Real Estate Development business division at YIT.   

For further information, please contact:

Heikki Lähdesniemi, Manager of Property Development, Industrial and Logistics Construction, YIT Construction Ltd, tel. +358 40 7110 266, heikki.lahdesniemi@yit.fi 

Timo Lehmus, Head of Real Estate Development business division, YIT Construction Ltd, tel. +358 400 409 181, timo.lehmus@yit.fi 

YIT creates better living environment by developing and constructing housing, business premises, infrastructure and entire areas. Our vision is to bring more life in sustainable cities. We want to focus on caring for customer, visionary urban development, passionate execution and inspiring leadership. Our growth engine is urban development involving partners. Our operating area covers Finland, Russia, the Baltic countries, the Czech Republic, Slovakia and Poland. In 2015, our revenue amounted to nearly EUR 1.7 billion, and we employ about 5,300 employees. Our share is listed on Nasdaq Helsinki. www.yitgroup.com