YIT starts the construction of an apartment building project in Moscow Oblast, Russia

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Helsinki, Finland, 2014-08-21 10:00 CEST (GLOBE NEWSWIRE) -- YIT CORPORATION                   INVESTOR NEWS                     AUGUST 21, 2014 AT 11:00 A.M.

 

YIT starts the construction of a new apartment building project named Park in Moscow Oblast. The project is located in Krasnogorsk city, approximately 4 kilometres from the Moscow ring road. The total value of the project is approximately EUR 60 million, and it is due for completion by the end of 2016.

The Park project covers one 17-storey apartment building with 550 apartments and a total living area of approximately 24,000 square meters. The apartments vary from studios to four room apartments, focusing on small studios and one-bedroom apartments. In addition to apartments, the project will include the construction of an underground parking facility for approximately 170 cars, ground level parking spaces for visitors and a yard with a playground and a sports field.

Krasnogorsk is one of the most environmentally friendly cities in Moscow Oblast, and the project was named after its excellent location nearby a park. Energy efficient facade materials are used in the building, in addition to which, there will be modern building systems and an own heating plant.

Illustrations on the project:

http://yit.materialbank.net/NiboWEB/YIT/showCartPublicContent.do?uuid=6208168&random=544360&lang=en

For additional information, please contact:

Sanna Kaje, Vice President, Investor Relations, YIT Corporation, tel. +358 50 390 6750, sanna.kaje@yit.fi
Teemu Helppolainen, Head of Business Area, Housing Russia, YIT Construction Ltd, tel. +7 915 316 8216, teemu.helppolainen@yit.ru

 

YIT CORPORATION

Sanna Kaje

Vice President, Investor Relations

Distribution: NASDAQ OMX, principal media, www.yitgroup.com

 

YIT is a construction industry leader. We create better living environments in Finland, Russia, the Baltic countries, the Czech Republic and Slovakia. Over 100 years of experience have secured for us a strong market position: We are the largest housing developer and one of the largest business premises and infrastructure developers in Finland, and the most significant foreign housing and area developer in Russia.  Our vision is to stay one step ahead – while caring for our customers, partners and personnel. We have more than 6,000 employees in seven countries. In 2013, our revenue amounted to nearly EUR 1.9 billion. Our share is listed on Nasdaq OMX Helsinki. www.yitgroup.com