Sweden — Hemsö and ARE have entered into a joint venture to develop a new municipal school in central Cologne. The school will have a lettable area of 23,000 square meters, accommodating 1,000 students aged 11 to 18. A 25-year lease agreement has been signed with the City of Cologne. The investment amounts to EUR 160 million.

Finland — A consortium formed by YIT and Are and Länsimetro Oy have signed an agreement on the construction of the Kaitaa station on the West Metro line in Espoo.

Finland — A consortium formed by YIT, Are and Länsimetro Oy have signed an agreement on the construction of the Soukka station on the West Metro line in Espoo. The value of the contract is approximately EUR 50M, whereof YIT’s share is approximately EUR 35M.