YIT continues its major regional development project in Yekaterinburg, Russia

YIT continues its major regional development project in Yekaterinburg, Russia

YIT is initiating the construction of a new apartment building as part of its Rifei regional development project in the suburban town of Verkhnaya Pyshma near Yekaterinburg, Russia. Rifei is situated in a peaceful area close to a wide range of services and the lakes Isetskoye and Baltym. The first apartment building of this project (248 apartments) was completed in 2012, and at the moment, the construction of two buildings with a total of 149 apartments is underway. The currently started new building will comprise 204 apartments and 9 storeys.

Rifei is one of YIT’s biggest residential development projects in Russia. The plan for the 14-hectare plot comprises a total of 19 apartment buildings with more than 2,000 apartments for approximately 4,500 residents. The total combined living area is approximately 110,000 square metres. The Rifei showroom apartment introduces customers to the energy-saving technology used in the construction by, such as a ground heat pump, solar panels generating utility electricity for the apartments, LED lights and thermal insulation membranes on windows.

The newest building’s foundation stone was laid on 6 June 2013 by the Finnish Minister for European Affairs and Foreign Trade, Alexander Stubb, on his Team Finland export promotion tour that included a stop at the YIT construction site.

For further information, please contact:
Roman Gibov, General Director, YIT Uralstroi, roman.gibov@yit.ru, +7 343 367 71 72
Teemu Helppolainen, Head of Division, Moscow and Russian regions, teemu.helppolainen@yit.ru, +7 915 316 8216

YIT is a leading European service company in building systems, construction services and services for industry. Our 26,000 professionals serve customers in 14 countries in the Nordic and Baltic countries, Russia and Central Europe. For over one hundred years we have grown together with our customers and developed our services in line with the changes taking place in different societies. We intend to continue on that track. Our vision is to be a pioneer in creating and sustaining a healthy living environment. YIT’s net sales amounted to approximately to EUR 4.7 billion in 2012. YIT’s shares are listed on NASDAQ OMX Helsinki. www.yitgroup.com

YIT Uralstroi is a subsidiary of YIT Corporation established in 2006. YIT Uralstroi constructs residential buildings in compliance with the international YIT Home service concept in Yekaterinburg and the Sverdlovsk region in Russia. Four of YIT Uralstroi’s apartment building projects are located in Yekaterinburg and one in the town of Verhnaja Pyshma. At present, the company is working on four regional development projects. www.yitural.ru