YIT strengthens its position by launching new apartment building projects in Yekaterinburg, Russia

YIT Uralstroi, a Russian subsidiary of YIT Corporation, has launched a new apartment building project in Yekaterinburg in the Ural region. The apartment complex is called Favorit and it will consist of two buildings and an underground parking hall, with a total of 272 apartments and 99 parking spaces. The number of storeys in the buildings varies from eight to ten. Favorit’s total area will be approximately 25,000 square metres, of which about 17,000 square metres will be residential space. It will also feature premises for day care, facilities management and property maintenance. The Favorit complex is due to be finished by the end of 2014.

The plot is in the northern part of Yekaterinburg. From the point of view of the future residents, Favorit’s location is excellent as there are comprehensive services and there is a park within easy reach. There are several shops, schools and educational institutions in the area. The traffic connections are good and there is a metro station nearby.

Another residential project – Forest – will also be started in Yekaterinburg this year.  The Forest project will consist of two 25-storey buildings to be built in two phases, with plans for 440 apartments in total.  The apartment complex got its name from the surrounding lush urban environment and nearby forests.

“YIT Uralstroi has operated in the Jekaterinburg housing market for seven years. Currently we have about 1,500 apartments under construction. The projects underway are an excellent way to make our offering in the city more versatile,” says Roman Gibov, General Director of YIT Uralstroi.

Yekaterinburg and the Sverdlovsk region have become the most attractive business environment in Russia for small and medium-sized companies, for instance. In 2018, the FIFA World Cup will be organised in Yekaterinburg and the city is also one of the candidates for hosting the Expo 2020 universal exposition. 

For further information, please contact:

Roman Gibov, General Director, YIT Uralstroi, roman.gibov@yit.ru, +7 343 367 71 72

Teemu Helppolainen, Head of Division, Moscow and Russian regions, teemu.helppolainen@yit.ru, +7 915 316 8216

YIT is a leading European service company in building systems, construction services and services for industry. Our 26,000 professionals serve customers in 14 countries in the Nordic and Baltic countries, Russia and Central Europe. Over one hundred years we have grown together with our customers and developed our services in line with the changes taking place in different societies. We intend to continue on that track. Our vision is to lead the way in creating and maintaining good living environments. In 2012, YIT’s revenue was approximately EUR 4.7 billion. YIT’s shares are listed on NASDAQ OMX Helsinki. www.yitgroup.com

YIT Uralstroi is a subsidiary of YIT Corporation established in 2006. YIT Uralstroi constructs residential buildings in compliance with the international YIT Home service concept in Yekaterinburg and the Sverdlovsk region in Russia. Four of YIT Uralstroi’s apartment building projects are located in Yekaterinburg and one in the city Verhnaja Pyshma. At present, the company is working on four regional development projects. www.yitural.ru