YIT to start a new area development project in Asemanranta, in Hämeenlinna, Finland

YIT starts the construction of an area development project in Asemanranta area in Hämeenlinna, Finland. The first project to be constructed is Hämeenlinnan Origo with 44 apartments to be completed by the end of 2018. The project is located by the shore of Vanajavesi lake and the apartments have a view over the lake to the city. The value of the project is over EUR 10 million, and the start-up was recorded in the third quarter of the year. Origo is the first of YIT’s 14 projects that has been planned to the area.

The new Asemanranta area, developed by YIT, will expand the Hämeenlinna city centre towards the railway station. Its unique location close to the city nearby the railway station, city park, Vanajavesi lake and services in the city combines urban living and nature. YIT is marketing the area in cooperation with Osuuspankki and Hämeenlinna city, that has chosen Asemanranta as its key project.

The area has arisen great interest and over 80 percent of the apartments in Origo were reserved already in spring when the pre-marketing was started. More information about the area and the apartments to be reserved available at http://www.yit.fi/asunnot/hameenlinna/asemanranta (in Finnish only). 

For further information, please contact:

Hanna Jaakkola, Vice President, Investor Relations, YIT Corporation, tel. +358 40 5666 070, hanna.jaakkola@yit.fi 

Sami Viitanen, Head of Unit, YIT Construction Ltd., tel. +358 400 873 516, sami.viitanen@yit.fi

YIT CORPORATION

Hanna Jaakkola

Vice President, Investor Relations

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

YIT creates better living environment by developing and constructing housing, business premises, infrastructure and entire areas. Our vision is to bring more life in sustainable cities. We want to focus on caring for customer, visionary urban development, passionate execution and inspiring leadership. Our growth engine is urban development involving partners. Our operating area covers Finland, Russia, the Baltic countries, the Czech Republic, Slovakia and Poland. In 2016, our revenue amounted to nearly EUR 1.8 billion, and we employ about 5,300 employees. Our share is listed on Nasdaq Helsinki. www.yitgroup.com