YIT has signed a contract on the renovation of the K2 city block with Senate Properties
INVESTOR NEWS JANUARY 21, 2015 AT 12:00 NOON
YIT to build a senior centre in Munkkiniemi, Helsinki
YIT has signed an agreement with Saga Palvelut Oy and Ruissalo Säätiö to build Saga senior centre in the neighbourhood of Munkkiniemi, Helsinki. The construction will start in the beginning of 2015, and the project will be completed in summer 2016. The total value of the contract for YIT is approximately EUR 11 million, and it was recorded in the order backlog in 2014.
The senior centre named Saga Dosentinlinna will host 71 apartments for seniors in poor health. The service provider will be Saga Care Oy. Dosentinlinna will be constructed in connection with the previously constructed senior centres of Saga Munkkiniemi - Dosentinpuisto and Dosentinrinne - and it will be connected to them with a gateway.
For further information, please contact:
Sanna Kaje, Vice President, Investor Relations, YIT Corporation, +358 50 390 6750, sanna.kaje@yit.fi
Kalle Isometsä, Head of Business Unit, YIT Construction Ltd, tel. +358 40 519 5967, kalle.isometsa@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
