YIT to execute a housing company for TA-Yhtymä in Kera, Espoo
YIT has signed a contract with Turku Technology Properties Ltd on the construction of a parking hall near the Kupittaa railway station, a few kilometres from the centre of Turku. The total value of the project for YIT is nearly EUR 24 million, and it will be recorded in the order book for the second quarter of the year.
The nearly 30,000-square-metre parking hall will have space for approximately 1,000 cars and 90 bicycles.
Kupittaa is one of the fastest developing areas in Turku, with plenty of business and office space as well as housing and health care services. There are also plans for several new office and residential projects in the area, which will increase the demand for parking spaces. The location of the parking hall in an important urban development area is likely to further increase demand in the future.
There will be parking spaces for both short-term and long-term rental, some of them equipped for the charging of electric vehicles. The parking hall will also be an excellent park-and-ride facility as it will provide direct access to the Kupittaa railway station’s platforms via a covered passageway. The planned One Hour Train will increase traffic at the Kupittaa station.
The construction of the parking hall will begin this summer and is estimated to be completed in spring 2023.
For further information, please contact:
Jukka Lämsä, Vice President, Southwest Finland, YIT Finland Ltd, tel. +358 45 634 4300, jukka.lamsa@yit.fi
Tom Ekman, Executive Vice President, Business Premises segment, YIT Corporation, tel. +358 40 7712514, tom.ekman@yit.fi
Heidi Kauppinen, Communications Manager, YIT Corporation, tel. +358 40 5743170, heidi.kauppinen@yit.fi
YIT is the largest Finnish and a significant North European urban developer and construction company. Our goal is to create more sustainable, functional and attractive cities and living environments. We develop and build apartments, business premises and entire areas. We also specialise in demanding infrastructure construction. We own properties together with our partners, which supports the implementation of our significant development projects. We also provide our customers with services that increase the value of properties. We employ approximately 7,400 professionals in ten countries: Finland, Russia, Sweden, Norway, Estonia, Latvia, Lithuania, the Czech Republic, Slovakia and Poland. Our revenue in 2020 was approximately EUR 3.1 billion. YIT Corporation's share is listed on Nasdaq Helsinki Oy.
