YIT has signed a contract agreement with Nokia regarding the building of new facilities in Oulu. The parties have agreed not to disclose the amount of the transaction. The property will include office, laboratory and production premises.

The property will be built in the Linnanmaa area in Oulu and it will be used by the Oulu unit of Nokia. The new facilities will be a combination of high technology and sustainability, and the flexible future ways of working will be taken into account in their planning. The total floor area of the project is nearly 50,000 square metres.

The contract will begin in May 2022 and the work is scheduled to be completed in June 2025.