YIT
YIT will start the construction of three apartment buildings for LocalTapiola’s fund
DGAP-News: YIT 2015-05-21 / 09:00 --------------------------------------------------------------------- Helsinki, Finland, 2015-05-21 09:00 CEST (GLOBE NEWSWIRE) -- YIT CORPORATION INVESTOR NEWS MAY 21, 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 second quarter's order backlog is nearly EUR 30 million, and they will be completed by autumn 2016. A total of approximately 155 apartments will be constructed in Turku and 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. So far, the construction of a total of nearly 500 apartments has been started within the frame agreement signed in March. 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 Matti Koskela, Senior Vice President, Building Construction, YIT Construction Ltd, tel. + 358 40 557 6520, matti.koskela@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 --------------------------------------------------------------------- 2015-05-21 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 --------------------------------------------------------------------- 360353 2015-05-21
Latest News
Latest Reports
No Reports found
Upcoming Events
No Events found
Webcasts
No Webcasts found