YIT started the construction of an apartment building in Central Tallinn, Estonia

YIT started the construction of an apartment building in Central Tallinn, Estonia

YIT’s Estonian subsidiary, YIT Ehitus has started the construction of an apartment building in the historic district of Tiigiveski in Central Tallinn, Estonia. The value of the Tiigiveski project is approximately EUR 10 million, and it is estimated to be completed by the autumn 2015.

The seven-storey apartment building will consist of around 80 apartments with a total floor area of 4,500 square meters ranging from studios to four room apartments. Underground parking facilities will also be included. The building has been designed by Estonian architect Urmas Muru.

“The design of the project is modern and special attention has been paid to practical planning solutions. We believe that the demand for the apartments will be on a good level thanks to the effective design and the excellent location in a popular area in Central Tallinn in the immediate vicinity of Kalev Sports Hall”, says Margus Põim, General Director of YIT Ehitus.

For further information, please contact:

Sanna Kaje, Vice President, Investor Relations, YIT Corporation, tel. +358 50 390 6750, sanna.kaje@yit.fi

Tom Sandvik, Head of the Baltic Countries and CEE division, YIT Construction Ltd, tel: +358 400 617 807, tom.sandvik@yit.fi

YIT CORPORATION

Sanna Kaje
Vice President, Investor Relations

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

YIT is a construction industry leader. We create better living environments in Finland, Russia, the Baltic countries, the Czech Republic and Slovakia. Over 100 years of experience have secured for 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 caring for our customers, partners and personnel. We have more than 6,000 employees in seven countries. In 2013, our revenue amounted to nearly EUR 1.9 billion. Our share is listed on Nasdaq OMX Helsinki. www.yitgroup.com