YIT to sell the Duetto II office building in Vilnius, Lithuania

YIT Corporation Press release 19 December, 2018 at 1:00 p.m.


YIT and Baltic Horizon Fund have agreed on the sale of Duetto II office building located in Vilnius, Lithuania. The value of the deal is approximately EUR 18 million. The building was taken into use December 2018.

Duetto II office building is 10-storey BREEAM certified building with A energy-efficiency class. The building has 8,300 square meters of leasable area and underground parking facilities for approximately 200 cars.

The Duetto II business home is located on Spaudos str. 6, Vilnius, where YIT has previously built Duetto I office building which is already owned by Baltic Horizon Fund. In the same area YIT has previously developed Grand Office building, hypermarket project and numerous apartment buildings, along newly opened Vilnius western bypass.

Baltic Horizon Fund is a registered contractual public closed-end real estate fund managed by Alternative Investment Fund Manager license holder Northern Horizon Capital AS.

For further information, please contact:

Peter Forssell, Senior Vice President, Business Premises, Central Eastern Europe, YIT Construction Ltd, tel. +358 40 532 2273, peter.forssell@yit.fi 

Arja Korhonen, Communications Manager, YIT Oyj, tel. +358 40 5545806, arja.korhonen@yit.fi 

YIT is the largest Finnish and significant North European construction company. We develop and build apartments, business premises and entire areas. We are also specialised in demanding infrastructure construction and paving. Together with our customers our 10,000 professionals are creating more functional, more attractive and more sustainable cities and environments. We work in 11 countries: Finland, Russia, Scandinavia, the Baltic States, the Czech Republic, Slovakia and Poland. The new YIT was born when over 100-year-old YIT Corporation and Lemminkäinen Corporation merged on February 1, 2018. Our pro forma revenue for 2017 was over EUR 3.8 billion. YIT Corporation's share is listed on Nasdaq Helsinki Oy. www.yitgroup.com