YIT to sell rental housing apartments for around EUR 30 million

YIT to sell rental housing apartments for around EUR 30 million

YIT will sell apartments to Ålandsbanken’s residential property fund for use as rental housing. The total value of the apartments is approximately EUR 30 million.

YIT has agreed on the sale of 137 apartments to Ålandsbanken’s residential property fund. The apartments are mainly either completed or close to completion and they are located in different parts of the Helsinki metropolitan area and other Finnish growth centres.

“The rental housing market has continued being active, and the sold apartments are an important part of managing our sales portfolio. The sale of apartments that are completed or close to completion also enables new start-ups.” says Harri Isoviita, Senior Vice President, YIT Residential Construction division.

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, Major 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