YIT to build a school and daycare centre complex in Vihti using the life-cycle model

YIT has signed a contract on building a school and daycare centre complex in south Nummela, Vihti. The premises will include facilities for ten daycare groups and a three-class primary school. The complex will also include facilities for Swedish-language early childhood education and care and a Swedish-language school. The extent of the school and daycare centre complex will be about 8,600 m2 and the value of the contract for YIT will amount to about EUR 37 million and will be entered in the order book in the third quarter of the year.

The project will be executed with the life-cycle model, including design, planning and construction, as well as property maintenance and cleaning and the maintenance of outdoor areas for 20 years.

“The school and daycare centre complex is a significant investment for the municipality. We believe it will offer Vihti’s children an excellent Finnish and Swedish-language learning environment. The complex is also an investment in future development and the growth of Vihti,” says Erkki Eerola, Mayor of Vihti.

The new school and daycare centre complex will be built in the growing area of south Nummela at a little over a kilometre’s distance from the future Vihti-Nummela railway station.

“The winning tender stood out with its superior quality, especially in terms of the placement and flexibility of the facilities. YIT is an experienced builder of schools and daycare centres and has produced the life-cycle services for several life-cycle projects currently in use,” says Matti Kokkinen, Technical Director from the Municipality of Vihti.

The foundation engineering work for the project will begin in the summer. The daycare centres and school will open their doors at the beginning of 2024.

For more information, please contact:
Tommi Järvenpää, Vice President, Investor Relations, YIT Corporation, tel. +358 (0)40 576 0288, tommi.jarvenpaa@yit.fi
Tom Ekman, Executive Vice President, Business Premises, YIT Corporation, tel. +358 (0)40 771 2514, tom.ekman@yit.fi

YIT CORPORATION
Tommi Järvenpää
Vice President, Investor Relations

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

YIT is the largest Finnish and a significant North European urban developer and construction company. We create more sustainable, functional and attractive cities and living environments. We develop and build apartments, business premises and entire areas. We also specialise in demanding infrastructure construction. We own properties together with our partners, which supports the implementation of our significant development projects. We also provide our customers with services that increase the value of properties. We employ about 7,400 professionals in 10 countries: Finland, Russia, Sweden, Norway, Estonia, Latvia, Lithuania, the Czech Republic, Slovakia and Poland. In 2020, our revenue amounted to approximately EUR 3.1 billion. YIT Corporation's share is listed on Nasdaq Helsinki Oy.