YIT BEGINS CONSTRUCTION OF HYVINKÄÄ COMMERCIAL AND SERVICE CENTRE IN FINLAND

          

YIT BEGINS CONSTRUCTION OF HYVINKÄÄ COMMERCIAL AND SERVICE CENTRE IN FINLAND    

YIT Construction Ltd has signed a contract with Kesko, according to which YIT    will create new space for the K-citymarket in the new shopping mall in the       centre of Hyvinkää, Finland. The construction of the 27,000 m² mall has already  begun, and it is due to open in March 2012. The construction of the K-citymarket also launches the construction of the Hyvinkää commercial and service centre.   

- We want commercial services to be in the centre of the city, where the people  are. This new commercial centre and its services will revitalise the centre of   Hyvinkää. It's about time that the people of Hyvinkää get a K-citymarket that    meets the demands of today's customers, says Kesko's District Director Timo      Huurtola.                                                                       

The shopping mall project will be enacted in stages. In addition to              K-citymarket, the first stage will also cover other business premises, for which several companies have already made reservations. Anttila, Seppälä, Lindex, name it, VILA, VERO MODA, JACK & JONES, ONLY, Moda Laakso and Instrumentarium, among  others, have reserved store premises for themselves, and negotiations are        currently being held with several other businesses. The shopping mall will also  have office space.                                                              

A vital project for Hyvinkää's urban development                                  From the City of Hyvinkää's standpoint, the YIT venture is part of the general   Keko commercial centre project, which will be completed in 2013. The city's      commercial construction guideline will be enacted in its entirety, in which      commercial activities will be located in the growing and dynamic city centre.   

- With this project YIT can support the Ministry of the Environment's recent     urban centre development and revitalisation theme, says Unit Manager Hannu Lokka of YIT Construction Ltd.                                                        

The nascent shopping mall can be easily reached by either light traffic or       public transportation. This way concentrated services lessen the need and        environmental effects of car traffic. The project as a whole will strengthen     Hyvinkää's position as the commercial hub of the Northern Uusimaa economic       region.                                                                         

- By laying down the foundations for diverse and specialised commerce and by     increasing the variety of services for the people we will restore Hyvinkää's     purchasing power. This way we can also create new jobs in the service sector and decrease youth unemployment in particular, says Mayor Raimo Lahti of Hyvinkää.  

Additional information:                                                          Hannu Lokka, Unit Manager, YIT Construction Ltd, tel. +358 400 454 342,          hannu.lokka@yit.fi                                                               Timo Lehmus, Senior Vice President, Business Premises, YIT Construction Ltd,     tel. +358 400 409 181, timo.lehmus@yit.fi                                       

YIT Corporation                                                                 

Virva Salmivaara                                                                 Director of Communications                                                      

 YIT is a significant European services company operating in the fields of        building, construction and industry. We build, develop and maintain a            comfortable living environment in Scandinavia, Russia, the Baltic countries and  in Central Europe. YIT's turnover was EUR 3.5 billion in 2009. There are about   23,500 personnel in the group. YIT stock is traded at NASDAQ OMX in Helsinki.