YIT and the City of Helsinki have signed an agreement on the construction of HITAS, right of residence and rental apartments as well as a parking garage in the developing neighbourhood of Sompasaari near Kalasatama. The total value of the package is nearly EUR 58 million, which will be recognised in the order book of the second quarter.
The agreement comprises three housing companies with a total of 238 apartments as well as a single-level parking garage under the yard deck.
Construction will begin in June 2021 and the project is estimated to be completed in early 2024.
For further information, please contact:
Tommi Järvenpää, Vice President, Investor Relations, YIT Corporation, tel. +358 (0)40 576 0288, firstname.lastname@example.org
Tom Ekman, Executive Vice President, Business Premises, YIT Corporation, tel. +358 (0)40 771 2514, email@example.com
Vice President, Investor Relations
Distribution: NASDAQ Helsinki, major media, www.yitgroup.com
YIT is the largest Finnish and a significant North European urban developer and construction company. Our goal is to create more sustainable, functional and attractive cities and living environments. We develop and build apartments, business premises and entire areas. We also specialise in demanding infrastructure construction. We own properties with our partners, which supports the implementation of our significant development projects. We also provide our customers with services that increase the value of properties. We employ approximately 7,400 professionals in 10 countries: Finland, Russia, Sweden, Norway, Estonia, Latvia, Lithuania, the Czech Republic, Slovakia and Poland. Our revenue in 2020 was approximately EUR 3.1 billion. YIT Corporation's share is listed on Nasdaq Helsinki Oy.
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