YIT selected as constructor of Töölön Pysäköintilaitos

YIT selected as constructor of Töölön Pysäköintilaitos

YIT has signed a contract with Töölön Pysäköintilaitos Oy concerning the construction of a new parking facility in Töölö. The value of the contract for YIT is approximately EUR 30 million. The construction work of the facility with 800 parking spaces will begin during the remainder of the year and it will be completed in the spring of 2019. The main investor of Töölön Pysäköintilaitos is Henki-Fennia, and other investors include Yleisradion Eläkesäätiö. The parking facility is a joint project of Taitokaari Oy from Tampere and Vantum Oy from Espoo. Caverion is responsible for the total delivery of building systems in the project.

The new parking solution aims to expedite the development of the Töölö district relating to housing, business, and services. The entry to the parking facility will be between the Crowne Plaza and Scandic Park hotels in Töölönkatu 23-25. The plan for the parking facility is fully integrated with the City Rail Loop; if the train connection is realised, the parking facility will have easy underground access from one means of transportation to another.

"The parking facility will increase the attractiveness of the Töölö district and the comfort of the residents. As a person born in Töölö, I am glad we can join the promotion of this green aspect as well," says Taitokaari Oy's Marjaana Satuli, responsible for investor contracts in the project.

"We are happy to be able to create a modern and sustainable living environment in Helsinki. The project features diverse environmentalism. Waste heat is utilised in heating, and the outgoing air is cleaned before the exhaust. Our extensive project management expertise enables the realisation of such a challenging project within the set objectives," says Ari Bergström, Vice President of YIT's bedrock construction and mining unit.

For further information, please contact:

Sanna Kaje, Vice President, Investor Relations and M&A, YIT Corporation, tel. +358 50 390 6750,sanna.kaje@yit.fi
Ari Bergström, Head of Unit, YIT Construction Ltd, tel. +358 40 830 7336, ari.bergstrom@yit.fi

YIT CORPORATION

Sanna Kaje
Vice President, Investor Relations and M&A

Distribution: NASDAQ OMX, major media, www.yitgroup.com

YIT is a construction industry leader. We create better living environments in Finland, Russia, the Baltic countries, the Czech Republic, Slovakia and Poland. Over 100 years of experience have secured us a strong market position: we are the largest housing developer and one of the largest business premises and infrastructure developers in Finland, and the most significant foreign housing and area developer in Russia. Our vision is to stay one step ahead – while taking care of our customers, partners and personnel. We have nearly 6,000 employees in eight countries. In 2014, our revenue amounted to around EUR 1.8 billion. Our share is listed on NASDAQ OMX Helsinki. www.yitgroup.com