YIT signs an agreement on the implementation phase of the psychiatric hospital included in Lapland Central Hospital

YIT, as part of an alliance, has signed an agreement with the Lapland Hospital District joint municipal authority on the implementation phase of the psychiatric hospital included in the Lapland Central Hospital expansion project. The project is implemented using the alliance model and it is included in the implementation of the project’s first part, the general hospital. The value of the implementation project for YIT is over EUR 13 million. The agreement will be entered in the order backlog for the first quarter of 2021.

Prior to the implementation phase, YIT was involved in the development phase of the project, which started in 2020. YIT issued a release on the development phase in February 2020. The size of the psychiatric hospital will be approximately 5,500 square metres. The project is scheduled for completion in January 2023.

The Lapland Central Hospital building will be approximately 28,300 square metres in size, consisting of a general hospital and psychiatric hospital. There are also 2,800 square metres of space that will be renovated.

In addition to YIT in the role of project supervisor, the alliance includes ARE as the party responsible for technical building systems, Verstas Architects Ltd and a special engineering group comprised of Granlund Group, WSP Finland and L2 Fire Safety Ltd. Outside the alliance, Prodeco Oy Lappi and A-Insinöörit Oy serve as construction consultants.

For further information, please contact:

Tom Ekman, Executive Vice President, Business Premises segment, YIT Corporation, tel. +358 (0)40 771 2514, tom.ekman@yit.fi

Heidi Kauppinen, Communications Manager, YIT Corporation, tel. +358 (0)40 574 3170, heidi.kauppinen@yit.fi

YIT is the largest Finnish and a significant North European construction company and urban developer. We develop and build apartments and living services, business premises and entire areas. We are also specialised in demanding infrastructure construction. Together with our customers, our nearly 8,000 professionals are creating more functional, attractive and sustainable cities and living environments. We operate in 10 countries: Finland, Russia, Sweden, Norway, the Baltic countries, Czech Republic, Slovakia and Poland. Our revenue in 2019 was approximately EUR 3.4 billion. YIT Corporation's share is listed on Nasdaq Helsinki Oy. www.yitgroup.com