YIT EXPANDS ITS RESIDENTIAL PRODUCTION INTO A NEW CITY IN MOSCOW REGION

YIT EXPANDS ITS RESIDENTIAL PRODUCTION INTO A NEW CITY IN MOSCOW REGION

YIT has won the auction for the sale of lease rights to a land plot in the city of Lytkarino, Moscow region. This means that the geographic scope of YIT Moskovia’s activity will include one more city in Moscow region.

Lytkarino was selected as a new region due to several advantages. The city is located close to Moscow 15 km away from the Ring Road. Lytkarino is a modern city with developed systems of education and industry as well as own traditions. The location is unique in terms of natural surroundings – Lytkarino has the status of a “green zone” adjoining the large Tomilino forest-park. The Moscow River flows close to residential districts, and there is a unique man-made lake with sand beach which is a favourite place for local citizens and visitors from Moscow. Transport access to Moscow is organized on a regular basis.

The land plot of 7,6 ha is located in the south-western part of Lytkarino. Development of this territory is a priority in enabling the city’s growth. High-rise and middle-rise residential houses and infrastructural facilities will be constructed as an obligatory requirement for creating comfortable living environment. 

Construction of the new residential micro district is planned to be launched by YIT Moskovia in 2012. The plan is to construct in different phases 7 modern high-rise houses of about 79,000 sq. m.

The new micro district will fit well into the existing urban infrastructure which comprises three kindergartens, a secondary school, a gymnasium and an English school. Shops, customer services, pharmacy and city hospital are located nearby.

More information:
Valery Kim, General Director, YIT Moskovia, valery.kim@yit-dom.ru, tel. +7 495 229 7576
Juha Rissanen, Vice President, Moscow Region, juha.rissanen@yit-dom.ru, tel. +7 985 764 9218

YIT CORPORATION

Virva Salmivaara
Senior Vice President, Corporate Communications

YIT celebrates its 100th anniversary in 2012. The company was established in the Grand Duchy of Finland in 1912. Today, 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. 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 lead the way in creating and maintaining good living environments. In 2010, YIT’s revenue was approximately EUR 3.8 billion. YIT’s shares are listed on NASDAQ OMX Helsinki. www.yitgroup.com

YIT Moskovia builds residential units, multi-storey buildings and small houses under the YIT Dom brand. It also builds business properties and implements large investment projects. The company provides services that cover the entire life cycle of buildings, from development and design to construction and maintenance. Its main operational area is the Moscow region, but the company also operates outside the area. YIT Moskovia, a member of the Builders Association of Russia, is one of the largest construction companies in the Moscow region.