In 2018, YIT was involved in establishing a closed-end alternative investment fund that invests in residential plots in
As the fund's original investing capacity has been reached, the parties have agreed to increase the investment capacity from
"The plot fund we established has been an excellent investment and it is great to be able to increase the joint investment with our good partners YIT and Varma," says
YIT continues to seek out profitable new plots for the fund and Ålandsbanken carries out its investments as the fund's manager. YIT also constructs self-developed residential buildings on the plots owned by the fund. The residents can redeem their plot share partly or completely at a time of their choosing, which enables YIT to offer more flexibility for the consumer regarding the timing of residential investment.
Further information:
Pasi Huhtakangas, Vice President,
YIT is the largest Finnish and a significant North European construction company and urban developer. We develop and build apartments and living services, business premises and entire areas. Furthermore, we are specialised in complex infrastructure construction. Together with our customers, our nearly 8,000 professionals create more functional, attractive and sustainable cities and living environments. We operate in 10 countries:
https://news.cision.com/yit-oyj/r/yit--alandsbanken-and-varma-to-increase-the-investing-capacity-of-the-2018-plot-fund,c3260751
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