YIT has signed a contract on the renovation of the K2 city block with Senate Properties
YIT Corporation Investor News 25 January 2024 at 9:00 a.m.
Alliance construction work starts on Kokkola Sports Park
YIT, as part of an alliance, has signed a contract for the implementation phase of Kokkola Sports Park. The alliance main contractor is YIT, and the main design is by UKI Arkkitehdit Oy, architectural design by Arkkitehtitoimisto Jääskeläinen Oy, structural design by Ramboll Finland Oy and building system design by Granlund Oy. The client of the alliance is Kokkolan Urheilupuisto Oy. We announced the development phase of the project in spring 2022.
During the development phase, the content and implementation of the alliance entity has been planned at a more detailed level and the total estimated cost of the first phase of the implementation phase has been set at approximately EUR 56 million, of which the share to be booked to YIT is approximately EUR 47 million. The contract will be included in the order book of the first quarter of the year.
Construction work will start in February 2024 and Kokkola Sports Park is scheduled for completion in spring 2026. The first phase, which is now starting, includes a multi-purpose hall for indoor sports and events, as well as an adjacent UEFA Category 2 football stadium.
The project also includes two other phases, of which the development phase of the second phase, which includes the construction of two training rinks, was launched at the end of September. The final, or third, phase involves the renovation of the old ice rink, with the development phase has been launched in November.
The hybrid arena to be built in Kokkola Sports Park, in the immediate vicinity of Kokkola city centre, will comprise a multi-purpose arena and a football arena. The complex will provide the whole area with a fantastic and modern framework for year-round sports and leisure activities. In addition to sports, the multi-purpose arena will be suitable for a variety of events such as fairs, conferences and concerts.
Further information:
YIT Group Communications, tel. +358 44 743 7536, press@yit.fi
Distribution: NASDAQ Helsinki, major media, www.yitgroup.com
YIT is the largest Finnish and a significant North European development and construction company. We develop and build sustainable living environments: functional homes, future-proof public and commercial buildings and infrastructure for smooth mobility. We employ around 5,000 professionals in eight countries: Finland, Sweden, Estonia, Latvia, Lithuania, the Czech Republic, Slovakia and Poland. Our revenue in 2022 was EUR 2.4 billion. YIT Corporation’s share is listed on Nasdaq Helsinki. Read more: www.yitgroup.com
