YIT to sell a logistics property under development in Vantaa to an international investment company

YIT has signed an agreement to sell a logistics property of approximately 15,000 square metres located in Vantaa’s Hakkila district to an international investment company. The parties have agreed not to disclose the purchase price.

The property is one of the logistics properties under development that was included in the framework agreement signed with the investment company in October 2019. YIT has previously sold two properties to the investment company.

When completed, the property will house a PostNord logistics terminal. Its location along traffic routes is advantageous for a logistics company in terms of heavy traffic as well as delivery operations in the Helsinki metropolitan area and nearby areas. The property offers ideal connections along ring roads to Helsinki, Vuosaari harbour and the rest of Finland. 

The premises of the logistics terminal will be completed in autumn 2022. LEED Silver environmental certification will be sought for the building.

For further information, please contact:
Ilkka Tomperi, EVP, Partnership Properties segment, YIT Finland Ltd, tel. +358 50 379 1903, ilkka.tomperi@yit.fi
Hedi Grass, Transaction Manager, Partnership Properties segment; YIT Finland Ltd, tel. + 358 40 733 8821, hedi.grass@yit.fi
Heidi Kauppinen, Communications Manager, YIT Corporation, tel. +358 40 574 3170, 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. www.yitgroup.com