YIT to sell apartments to ICECAPITAL for rental use

YIT to sell apartments to ICECAPITAL for rental use

YIT has signed an agreement on the sale of 24 apartments to ICECAPITAL Asunto 2012 Ky. The value of the agreement is approximately EUR 6 million. The apartments, which will come for rental use, are located in the Helsinki metropolitan area and are mainly either completed or close to completion.

“The agreement is a good continuation to the well-functioning co-operation with ICECAPITAL. With the deal, we will bring a relief to the shortage of rental housing in the Helsinki metropolitan area”, says Harri Isoviita, Senior Vice President, Residential Construction at YIT.

For further information, please contact:

Sanna Kaje, Vice President, Investor Relations, YIT Corporation, tel. +358 50 390 6750, sanna.kaje@yit.fi
Harri Isoviita, Senior Vice President, Residential Construction, YIT Construction Ltd, tel. +358 40 553 3833, harri.isoviita@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