YIT
YIT will start the construction of three apartment buildings for LocalTapiola’s fund
DGAP-News: YIT 2015-03-31 / 09:00 --------------------------------------------------------------------- Helsinki, Finland, 2015-03-31 09:00 CEST (GLOBE NEWSWIRE) -- YIT CORPORATION INVESTOR NEWS MARCH 31, 2015 AT 10:00 A.M. YIT will start the construction of three apartment buildings for LocalTapiola's fund YIT has signed agreements on the construction of three apartment buildings for LocalTapiola Asuntosijoitus Suomi Ky housing fund. The total value of the projects that will be recorded in the first quarter's order backlog is over EUR 30 million, and they will be completed by summer 2016. A total of 130 apartments will be constructed in the Helsinki metropolitan area. The projects are part of the frame agreement signed in March 2015 between YIT and LocalTapiola Asuntosijoitus Suomi Ky housing fund on the construction of over 550 non-subsidised rental apartments in the Helsinki metropolitan area, Turku and Tampere. The project specific agreements will be signed prior to each project start-up. The overall value of the frame agreement is over EUR 100 million. For further information, please contact: Sanna Kaje, Vice President, Investor Relations, YIT Corporation, tel. +358 50 390 6750, sanna.kaje@yit.fi Harri Isoviita, Senior Vice President, Residential Construction, YIT Construction Ltd, tel. +358 40 553 3833, harri.isoviita@yit.fi YIT CORPORATION Sanna Kaje Vice President, Investor Relations Distribution: NASDAQ OMX, major media, www.yitgroup.com YIT is a construction industry leader. We create better living environments in Finland, Russia, the Baltic countries, the Czech Republic and Slovakia. Over 100 years of experience have secured us a strong market position: we are the largest housing developer and one of the largest business premises and infrastructure developers in Finland, and the most significant foreign housing and area developer in Russia. Our vision is to stay one step ahead - while taking care of our customers, partners and personnel. We have nearly 6,000 employees in seven countries. In 2014, our revenue amounted to around EUR 1.8 billion. Our share is listed on NASDAQ OMX Helsinki. www.yitgroup.com News Source: NASDAQ OMX --------------------------------------------------------------------- 2015-03-31 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- Language: English Company: YIT Finland ISIN: FI0009800643 End of News DGAP News-Service --------------------------------------------------------------------- 339661 2015-03-31
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