Helsinki, Finland, 2016-02-05 15:00 CET (GLOBE NEWSWIRE) -- YIT CORPORATION INVESTOR NEWS FEBRUARY 5, 2016 AT 4:00 P.M.
YIT constructs the extension of Kalasatama’s Rantatie Business Park in Helsinki, Finland
YIT has signed a contract with Lindström Invest Oy on the construction of an office building in connection with Rantatie Business Park located in Kalasatama, Helsinki. The construction of the approximately 6,000 square metre office building named “Rantatien Kasvu” and an underground parking facility was started in January 2016 and the project will be completed in the end of 2017. The value of the contract for YIT is nearly EUR 25 million. The office building is fully leased. LEED environmental certificate with the aim of gold level will be applied for the building.
In addition to the contract, YIT signed a letter of intent with Lindström Invest on the construction of another office building in connection with Rantatie Business Park. The aim is to start the construction of the other office building, named “Rantatien Loikka” in autumn 2016. Upon completion, Rantatie Business Park will be a 20,000 square metre complex that YIT and Lindström Invest have carried out in good cooperation.
For further information, please contact:
Sanna Kaje, Vice President, Investor Relations and M&A, YIT Corporation, tel. +358 50 390 6750, sanna.kaje@yit.fi
Matti Sarikkola, Vice President, Office construction, YIT Construction Ltd, tel. +358 40 519 5676, matti.sarikkola@yit.fi
YIT CORPORATION
Sanna Kaje
Vice President, Investor Relations and M&A
Distribution: NASDAQ OMX, major media, www.yitgroup.com
YIT is a construction industry leader that creates sustainable urban environments by constructing housing, business premises, infrastructure and entire areas. We focus on providing a first-class customer experience, high quality and continuous development of our diverse expertise. Our operating area covers Finland, Russia, the Baltic countries, the Czech Republic, Slovakia and Poland. Our vision is to stay one step ahead – while caring for our customers, partners and personnel. We have over 5,300 employees in eight countries. In 2015, our revenue amounted to nearly EUR 1.7 billion. Our share is listed on Nasdaq OMX Helsinki. www.yitgroup.com