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    YIT   FI0009800643

YIT OYJ

(YIT)
  Report
Delayed Nasdaq Helsinki  -  11:29 2022-11-28 am EST
2.672 EUR   -0.89%
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YIT Oyj : has sold a business center in Lithuania to a real estate investment company

11/22/2021 | 04:44am EST

YIT Lithuania office building

YIT has sold the Naujasis Skansenas Ž business center under development in Vilnius, Lithuania, to East Capital Real Estate AS. The parties have agreed not to disclose the purchase price.

The modern five-storey office building's leased floor area is 7,550 m². The project is due to be finished by the end of 2021.

The investor will take over the current leases and take care of the lease of the remaining space.

"The pandemic has not reduced the need for high-quality office space but has rather encouraged tenants to pay more attention to the safety, comfort and adaptability of the spaces. Since the beginning, the site has been developed with the aim of creating added value for the tenants and we are satisfied with the process and the result, " says YIT Lithuania CEO Kęstutis Vanagas.

The property meets the requirements of energy class A+ and is subject to BREEAM environmental certification. The project has invested in technical solutions that can improve the use of the property and affect people's comfort.

There's a parking garage under the building. The business center also has charging points for electric cars and bicycle storage.

For further information, please contact:
Tom Ekman, Executive Vice President, Business Premises, YIT Corporation, tel. +358 (0)40 771 2514, tom.ekman@yit.fi
Anna Leino, Communications Manager, YIT Corporation, tel. +358 (0)50 3845797, anna.leino@yit.fi

YIT is the largest Finnish and a significant North European urban developer and construction company. We create more sustainable, functional and attractive cities and living environments. We develop and build apartments, business premises and entire areas. We also specialize in demanding infrastructure construction. We own properties together 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 ten countries: Finland, Russia, Sweden, Norway, Estonia, Latvia, Lithuania, the Czech Republic, Slovakia and Poland. In 2020, our revenue amounted to approximately EUR 3.1 billion. YIT Corporation's share is listed on Nasdaq Helsinki Oy. www.yitgroup.com

Disclaimer

YIT Oyj published this content on 22 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 November 2021 09:43:04 UTC.


ę Publicnow 2021
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Sales 2022 2 449 M 2 546 M 2 546 M
Net income 2022 60,3 M 62,7 M 62,7 M
Net Debt 2022 633 M 658 M 658 M
P/E ratio 2022 9,79x
Yield 2022 6,16%
Capitalization 565 M 587 M 587 M
EV / Sales 2022 0,49x
EV / Sales 2023 0,47x
Nbr of Employees 5 500
Free-Float 57,3%
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Number of Analysts 5
Last Close Price 2,70 €
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Managers and Directors
Markku Olavi Moilanen President & Chief Executive Officer
Tuomas Sakari Mńkipeska Chief Financial Officer
Harri-Pekka Antero Kaukonen Chairman
Eero Juhani Heli÷vaara Vice Chairman
Olli-Petteri Lehtinen Independent Director
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