YIT to construct apartments for OP-Vuokratuotto fund

Finland — YIT and OP-Vuokratuotto non-UCITS Fund have signed pre-agreements on the construction of four non-subsidized residential projects for rental use. The total value of the agreements is over € 25 M, and the projects will comprise nearly 180 rental apartments.

2016-06-08

Project specific contracts will be signed prior to each project start-up. The aim is to start all the projects during 2016 and they will be completed by the end of 2017. The projects will be constructed on plots controlled or owned by YIT. The construction of the projects will not tie YIT’s capital.

“The projects agreed now continue the excellent co-operation between OP-Vuokratuotto and YIT”, says portfolio manager Antero Tenhunen from OP Property Management Ltd.

Nicklas Tollesson

[email protected]