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. The building was taken into use December 2018.
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).
YIT and the Lapland Hospital District joint municipal authority have signed an agreement on the development stage of the Lapland Central Hospital expansion project.
YIT has sold the Tripla’s Workery offices, being built in Pasila, Helsinki, as a whole to an international investor. Tripla’s Workery offices, called Workery East and Workery West, are developed, constructed and owned by YIT. Their leasable area is approximately 50,000 square metres.
YIT continues the construction of the Finskiy development in the city of Shchyolkovo northeast from Moscow with its eighth apartment building in the district. The new 16-storey building will house 300 apartments ranging from studios to three-bedroom flats, with a total floor area of 13,500 square metres. The total value of the project is nearly EUR 12 million, and the construction began in October 2018.
YIT will expand and renovate Huhtamaki’s production, storage and business premises in Hämeenlinna, Finland. The customer in the project is NREP Logicenters, a Nordic developer and owner of modern logistics properties. The turnkey contract includes a new building of around 15,000 square metres and the renovation of 2,700 square metres of existing premises.
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. The value of the contract is approximately EUR 47 million, whereof YIT’s share is approximately EUR 33 million.
YIT and Telia Finland have signed a long-term lease agreement on the Tripla Workery East offices under construction in Pasila, Helsinki, Finland. The agreement covers approximately 21,000 square metres in the easternmost quarter of Tripla above the new Pasila station.
Mall of Triple outside Helsinki becomes home to five fashion brands making their entrance into the Nordic markets.
YIT to sell projects in Finnish growth centres to investors and the first plots to the newly established plot fund.
YIT, Rausanne Oy and Turun Osuuskauppa (S Group, Turku Cooperative Society) together have agreed to construct a new hotel in Kupittaa, Turku. The value of the transaction is approximately EUR 30M. The project will be entered in the order backlog for the second quarter of the year.
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.
YIT has started several apartment building projects during April and May. The largest of the started projects include Helsingin Pikkutylli, Kauniaisten Kreivi and Vantaan Koukku, among others, with value of approximately EUR 50M in total.
YIT has signed an agreement worth approximately EUR 55 million with the City of Imatra to construct a wooden school centre in the city’s Mansikkala district. The agreement also includes maintenance for 20 years.
YIT and the City of Helsinki are planning a city block in Kruunuvuorenranta.
YIT has entered into an agreement with the City of Espoo, on the construction of the Karhusuo school centre’s phases 2 and 3.
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.
YIT and Helsinki Region Environmental Services, HSY, have signed an agreement on the construction of a new underground wastewater treatment plant in Blominmäki, Espoo. The project will be carried out as a project management contract and its value is approximately EUR 206M.
YIT has started the construction of residential projects worth approximately EUR 50M in Turku, Tampere and Vantaa in January and February.
Regenero, a joint venture formed by YIT and HGR Property Partners, has signed an agreement with Accountor Holding Oy to lease office spaces in the high-rise building in Keilaniemi, Espoo, to be renovated.
2017 was an intense transaction year for all the Nordic countries. With the year in the books Nordic Property News can present a list of the largest transactions in all four countries - today we look east to Finland. The data has been collected by Pangea Property Partners.
YIT to construct rental apartments worth approximately EUR 50 million in the capital region and in Tampere.
The construction of the property project for local service centre Hertsi located in Herttoniemi, Helsinki, developed by YIT and Hartela, will start in January 2018. YIT and Hartela will realise the project as a consortium with equal 50/50 shares.
A major part of the office properties of the commercial centre Dixi, located at the Tikkurila railway station, has been leased. YIT completed the sales transaction of the second phase office properties to Etera Mutual Pension Insurance Company in December.
The first significant long-term tenancy of the office spaces at the Pasila urban centre Tripla has been signed with Otavamedia Oy. The lease agreement covers over 6,000 square metres on four different floors of the Tripla middle block, including a photo studio.