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    YIT   FI0009800643

YIT OYJ

(YIT)
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Delayed Nasdaq Helsinki  -  11:29 2022-11-28 am EST
2.672 EUR   -0.89%
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YIT Oyj : to renovate and extend Kuopio Courthouse

09/21/2022 | 01:10am EST
Senaatti-Kiinteistöt. Picture: Arkkitehtitoimisto Rosberg Ikävalko Oy.

YIT and Senate Properties, the enterprise that manages the Finnish Government's properties, have signed a contract for the renovation and extension of the Kuopio Courthouse. The project started in July 2022 and is expected to be completed in early 2024. It will be implemented as a project management contract. The cost estimate for the construction is approximately EUR 13 million.

The Kuopio Courthouse project involves the renovation of an old property, built in 1929, which is historically and scenically significant and has a protected exterior. The building was last used as a tax office and before that as a fire and police station.

After the renovation, the building will meet modern indoor air and soundproofing requirements. In addition, an extension will be built in the courtyard of the courthouse, which will be integrated into the old building. In the future, the premises will house the district court, the bailiff's office and the public prosecutor's office.

"YIT builds functional and sustainable living environments to make sustainable life easy. The aim is to enable a smooth and sustainable everyday life for people, businesses and society. The renovation of the Kuopio Courthouse is a good example of this. We look forward to working with Senate Properties," says Jani Knuuttila, Regional Director, YIT.

"The starting point of the spatial design was to create safe and healthy solutions that are in line with the judicial administration's working environment and premises concept and support new ways of working and digitalisation. We are looking forward to developing the design solutions for implementation and starting the construction work with YIT," says Jarkko Karvonen, Construction Manager at Senate Properties.

For further information, please contact:
Jani Knuuttila, Regional Director, Housing and Commercial Properties, Eastern Finland, YIT, tel. +358 (0)40 843 9175, jani.knuuttila@yit.fi
Pirita Tiusanen, Communications Manager, YIT, tel. +358 44 240 9822, pirita.tiusanen@yit.fi

YIT is the largest Finnish and a significant North European development and construction company. For 110 years, we have been creating better living environments for our customers: we develop and build functional homes for sustainable living, future-proof public and commercial buildings and infrastructure for smoother flow of people, businesses and society. We employ 5,500 professionals in nine countries: Finland, Sweden, Norway, Estonia, Latvia, Lithuania, the Czech Republic, Slovakia and Poland. Our revenue in 2021 was EUR 2.7 billion. YIT Corporation's share is listed on Nasdaq Helsinki Oy. www.yitgroup.com

Disclaimer

YIT Oyj published this content on 21 September 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 September 2022 05:09:04 UTC.


ę Publicnow 2022
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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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Last Close Price 2,70 €
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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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