YIT has Started Several Residential Projects

Finland Finland YIT has started the construction of residential projects worth approximately EUR 125M in Finland, the Czech Republic and Estonia in March. The start-ups were recorded in first quarter of the year.


Share via e-mail

In Finland YIT started the construction of several projects. For example, Asunto Oy Helsingin Firdo is the second project constructed in Tripla in Pasila, Helsinki, and it will be completed in the first quarter of 2020. The project will comprise of nearly 110 apartments and its value is approximately EUR 40M. YIT will construct four housing co-operatives in the western block of Tripla and close to its services. Pasila will become another centre of Helsinki and an even more important transportation hub that is expected to double its resident and job numbers by 2040.

Asunto Oy Helsingin Lorentz is a Hitas project and a result of an architecture competition to be constructed in Kruunuvuorenranta, Helsinki. The value of the project is over EUR 15M with approximately 60 apartments to be completed in the third quarter of 2019.
Asunto Oy Jyväskylän Kalevanpoika will be constructed to the area of Äijälänranta residential fair organised in Jyväskylä in 2014. Kalevanpoika is another one of the high-rise buildings in the area. The value of the project is approximately EUR 15M with approximately 70 apartments to be completed in the second quarter of 2019. YIT constructs all blocks of flats of the Äijälänranta area with four of them still to be started.
The value of Asunto Oy Vantaan Lumikvartsi is almost EUR 10M and it will be completed in the second quarter of 2019. The project will comprise of approximately 40 apartments and the residents of the block have access to a comfortable and versatile yard.
YIT also started projects in the Czech Republic and Estonia. 

Maria Olsson Äärlaht

Conficap Acquires Helicopter Pilot Training Facility in Aviapolis

Finland Finland Conficap acquires a helicopter pilot training facility in the vicinity of Helsinki Airport. The tenant of the property is Coptersafety Oy, which is one of the world’s leading helicopter pilot training organizations. The sellers of the property consist of a group of private individuals who work in the field of helicopter pilot training.

The Outcome of the Shopping Center at the Russian border

Finland Finland In November, Zsar Outlet Village opened. Zsar’s CEO Sami Vainiomäki comments on the first months and how to attract Russian and Asian tourists to shop in the EU.

Why Helsinki Still is Attractive

Finland Finland Capman’s Investment Director Sampsa Apajalahti comments on the big acquisition, the multiple strategies and thoughts about the Helsinki market. “Attracts good investors.”

Capman Acquires from Icecapital – Grows Residential Mandate for BVK to EUR 820M

Finland Finland Capman Real Estate has completed the acquisition of a residential portfolio from the Finnish fund manager Icecapital and its local investors for a fund on the account of Bayerische Versorgungskammer (BVK), Germany’s largest public pension fund group.

Peab Builds in Turku

Finland Finland Peab has been commissioned to build two residential buildings, a parking garage and a business premises on Brahegatan in Turku.

YIT to Sell the Duetto II

Finland Finland YIT and Baltic Horizon Fund have agreed on the sale of Duetto II office building located in Vilnius, Lithuania. The value of the deal is approximately EUR 18 million.

Regenero Sells to EQ

Finland Finland YIT, HGR Property Partners and their joint venture Regenero have sold the Tietotie 6 property in Otaniemi, Espoo to Special Investment Fund EQ Care (AIF).

New Trevian Acquisitions in Helsinki and Riihimäki

Finland Finland Special investment fund Trevian Finland Properties I has this acquired two commercial properties in Helsinki and Riihimäki.

Trophi Acquires Finnish Portfolio

Finland Finland Trophi has acquired a property portfolio with a property value of MSEK 460 (EUR 45M) from Elite Kiinteistökehitysrahasto I Ky.

YIT to Expand Lapland Central Hospital

Finland Finland YIT and the Lapland Hospital District joint municipal authority have signed an agreement on the development stage of the Lapland Central Hospital expansion project.