YIT to start construction of four residential projects for TA-Yhtiöt

YIT to start construction of four residential projects for TA-Yhtiöt

YIT has signed agreements with TA-Asumisoikeus Oy and TA-Yhtymä Oy for the construction of four residential projects in the metropolitan area. The total value of the projects is approximately EUR 20 million, and they will be completed during 2015. There will be a total of approximately 100 apartments in the properties designed by YIT on its own plots, with a total living area of approximately 6,500 square metres.

The agreements made with TA-Asumisoikeus Oy cover two terraced house projects and one apartment building project where right-of-occupancy flats will be constructed. The agreement made with TA-Yhtymä Oy covers one apartment building project to be constructed as rental flats.

“The projects to be started are productions supported by The Housing Finance and Development Centre of Finland (ARA) – therefore, YIT can join in easing the shortage of reasonably priced apartments in the metropolitan area,” 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, 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