YIT to construct student flats in Tampere

YIT to construct student flats in Tampere

YIT has signed an agreement with the Tampere Student Housing Foundation (TOAS) on the construction of approximately 80 rental flats in the Kaleva district in Tampere, Finland. With a value of approximately EUR 10 million, the project will be constructed on a plot managed by YIT, in accordance with YIT’s design. The construction will begin immediately and is scheduled for completion in August 2016.

The units to be constructed are small one-room or two-room flats, in addition to which the building will comprise business premises amounting to approximately 260 square metres.  In addition to the project to be started now, YIT is also building a student hotel for TOAS in the Tampella district, as well as an apartment block in Hervanta.

“TOAS and YIT have a long history of collaboration in Tampere. As a result of our systematic collaboration, YIT has built more than 1,000 flats for TOAS in Tampere, on YIT’s plots with an excellent location,” comments Ilkka Kääriäinen, Vice President at YIT.

For additional information, please contact:

Sanna Kaje, Vice President, Investor Relations, YIT Corporation, tel. +358 50 390 6750, sanna.kaje@yit.fi
Ilkka Kääriäinen, Vice President, YIT Construction Ltd., tel. +358 40 519 5953, ilkka.kaariainen@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 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 taking care of our customers, partners and personnel. We have nearly 6,000 employees in seven countries. In 2014, our revenue amounted to around EUR 1.8 billion. Our share is listed on NASDAQ OMX Helsinki. www.yitgroup.com