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- Stock Exchange Release
- 02.03.2007 13:30 CET
YIT SELLS OFFICE EXTENSION TO RBS NORDISK RENTING FOR EUR 69 MILLION
YIT has decided to expand its head office in Käpylä, Helsinki, and agreed on the sale of the extension to RBS Nordisk Renting for EUR 69 million. Furthermore, Ilmarinen Mutual Pension Insurance Company will sell the office premises used by YIT in Käpylä to RBS Nordisk Renting.
YIT will develop and build the extension. Upon the completion of the project, YIT will move into the premises under a 15-year lease. The extension will measure about 15,000 m2. Construction will begin in March 2007 and the new office building is slated for completion by the end of 2008. The extension will have workspace for a total of about 600 people.
At the same time, the existing commercial premises on the property will be extended and modernized, and a four-storey parking lot will be built mainly underground for the property.
For additional information, contact:
Sakari Toikkanen, Executive Vice President, YIT Corporation, +358 20 433 2336, sakari.toikkanen@yit.fi, Seppo Martikainen, Vice President, Transactions, YIT Construction Ltd, +358 20 433 2905, seppo.martikainen@yit.fi
YIT CORPORATION
Virva Salmivaara Deputy to the Vice President, Communications
Distribution: Helsinki Stock Exchange, principal media, www.yitgroup.com