YIT starts the construction of an apartment building in Lauttasaari, Helsinki, Finland

YIT starts the construction of an apartment building project in Lauttasaari, Helsinki, Finland. The project is Asunto Oy Helsingin Luhtahuitti with 54 apartments to be sold. The value of the project is approximately EUR 23 million and it will be completed in spring 2019. The project is recorded in the order backlog in the first quarter. This is the second project in the city block of four housing co-operatives developed by YIT. The first project called Koskikara will be completed in May 2017.

Luhtahuitti offers unique living facilities nearby the sea. The size of the apartments varies from studios to five-room apartments, and almost every apartment has a glassed-in balcony. This project is located next to the school and Lauttasaari sports park with excellent transportation connections close to the future metro stations. Lauttis Shopping Centre, constructed by YIT, is also located close by with grocery shops, restaurants, coffee houses and several special stores. The Luhtahuitti apartments are currently at the pre-marketing stage. Read more about the project on YIT’s Homes website (in Finnish).

For further information, please contact:

Hanna Jaakkola, Vice President, Investor Relations, YIT Corporation, tel. +358 40 5666 070, hanna.jaakkola@yit.fi 

Harri Isoviita, Senior Vice President, Residential Construction, YIT Construction Ltd, tel. +358 40 553 3833, harri.isoviita@yit.fi

YIT CORPORATION

Hanna Jaakkola

Vice President, Investor Relations

Distribution: Nasdaq Helsinki, major media, www.yitgroup.com

YIT creates better living environment by developing and constructing housing, business premises, infrastructure and entire areas. Our vision is to bring more life in sustainable cities. We want to focus on caring for customer, visionary urban development, passionate execution and inspiring leadership. Our growth engine is urban development involving partners. Our operating area covers Finland, Russia, the Baltic countries, the Czech Republic, Slovakia and Poland. In 2016, our revenue amounted to nearly EUR 1.8 billion, and we employ about 5,300 employees. Our share is listed on Nasdaq Helsinki. www.yitgroup.com