Helsinki, Finland, 2015-04-29 11:00 CEST (GLOBE NEWSWIRE) -- YIT CORPORATION INVESTOR NEWS APRIL 29, 2015 AT 12:00 NOON
YIT has acquired a plot and will start construction of an apartment building in Prague, the Czech Republic
YIT has acquired a plot in Prague’s 5th district and will start the construction of an apartment building in the plot. The value of the project is around EUR 15 million, and it is due to be completed in spring 2017. The 7-storey building will consist of nearly 100 apartments and an underground parking facility.
The acquired plot is located in downtown Prague, in central location with excellent public transport connections. A special feature of the project is that in addition to normal apartments, loft apartments and duplexes will be constructed in the building.
For additional information, please contact:
Sanna Kaje, Vice President, Investor Relations, YIT Corporation, tel. +358 50 390 6750, sanna.kaje@yit.fi
Tom Sandvik, Head of The Baltic countries and Central Eastern Europe business division, tel. +358 400 617 807, tom.sandvik@yit.fi
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 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 taking care of our customers, partners and personnel. We have nearly 6,000 employees in seven countries. In 2014, our revenue amounted to around EUR 1.8 billion. Our share is listed on NASDAQ OMX Helsinki. www.yitgroup.com