YIT deepens collaboration with Czech partner RSJ Investments – establishes new JV's

Finland Finland — YIT deepens collaboration with Czech partner RSJ Investments and establishes three joint ventures to develop large area projects.

YIT develops phase in new Meilahti hospital area

Finland Finland — YIT selected as the partner for the development phase of the new building for the Meilahti pharmacy, central kitchen and parking facility.

Alliance construction work starts on Kokkola Sports Park

Finland Finland — YIT, as part of an alliance, has signed a contract for the development stage of Kokkola Sports Park. The alliance main contractor is YIT, and the main design is by UKI Arkkitehdit Oy, architectural design by Arkkitehtitoimisto Jääskeläinen Oy, structural design by Ramboll Finland Oy and building system design by Granlund Oy. The client of the alliance is Kokkolan Urheilupuisto Oy.

YIT closes down the operations in Sweden

Finland Finland — YIT has completed the strategic review of its infrastructure business in Sweden and chosen to close down the operations in Sweden.

Peter Forssell appointed EVP, Business Premises at YIT

Finland Finland — YIT has appointed Peter Forssell (M.Sc.) as Executive Vice President, Business Premises segment and member of the Group Management Team starting 1 January 2024. He has been the interim leader of the Business Premises segment and member of the management team since 18 October 2023.

YIT's way through the construction crisis

Finland Finland — Heikki Vuorenmaa, President and CEO of YIT, tells Nordic Property News about the challenging housing market, what measures that have to be done, and how to act, going forward.

YIT to build a terraced house complex in Espoo for Länsi-Suomen Asunnot

Finland Finland — YIT has signed an agreement with Länsi-Suomen Asunnot Oy for the construction of five rows of terraced houses in Espoo. The Asunto Oy Espoon Finnsin August terraced house project is being carried out in the Finnsinmäki area of Espoonkartano.

YIT builds housing facility for senior citizens

Finland Finland — YIT has signed an agreement with the Yrjö ja Hanna foundation for the construction of a residential apartment building named Kiinteistö Oy Vihdin Nestori in Nummela, Vihti. .

YIT plans changes in the operating model of the Business Premises segment

Finland Finland — YIT plans changes in the operating model of the Business Premises segment and considers adapting operations in Finland.

Tom Ekman leaves YIT

Finland Finland — Tom Ekman, EVP, Business Premises segment, has left YIT and will pursue his career outside of the company. He left YIT on 18 October 2023.

YIT to build a research building for Technopolis

Finland Finland — YIT and Technopolis have agreed on the construction of a new research building in Otaniemi, Espoo, and the building will be occupied by VTT Technical Research Centre of Finland Ltd.

YIT sells Helsinki office property to Fennia

Finland Finland — YIT and Fennia have signed a contract for the sale of the Maistraatinportti office building located in Länsi-Pasila, Helsinki. The office property will be purchased for a real estate investment portfolio managed by S-Bank Properties Ltd. The buyer in the transaction is an investment company belonging to the Fennia real estate portfolio. Maistraatinportti is YIT’s self-developed renovation site, with approximately 12,400 sqm of versatile office space and services.

YIT builds in Jyväskylä

Finland Finland — YIT to implement an apartment building for Koas in Jyväskylä, starting construction on the new Tourulan Pajala residential area.

YIT to create residential units in Helsinki area

Finland Finland — YIT has signed a contract with Asuntosäätiö to build residential building in Jätkäsaari, Helsinki. The value of the project to YIT is approximately EUR 16 million.

YIT signs expansion contract for school

Finland Finland — YIT has signed an agreement with the City of Vantaa on the implementation of the Kannisto school expansion and spatial reorganisation. The value of the agreement is approximately EUR 19 million.

YIT divests residential units within the group

Finland Finland — YIT sells 190 apartments in Finland to its joint venture’s rental housing portfolio.

Pre-purchased Homes Can Become a Problem for Housing Developers

Nordic — The housing developers suffer greatly from the pending purchase willingness of households when it comes to new construction housing. It is difficult to raise the level of pre-purchased homes, although most people believe that there are still few unsold apartments at completion. But for those who signed up for pre-sale, the situation now looks radically different, where there are now reports that the buyers are trying to pull out of sale. Nordic Property News has taken a closer look at how big the exposure is for the companies with their homes that are under production.

Essi Nikitin Appointed Vice President, Investor Relations of YIT

Finland Finland — Essi Nikitin has been appointed Vice President, Investor Relations of YIT Corporation as of 4 August, 2023.

YIT to Build School in Janakkala

Finland Finland — The municipality of Janakkala has chosen YIT to build the new school and multipurpose centre in Tervakoski. The total value of the contract is approximately EUR 17 million.

YIT Downplays 2023 Expectations on the Housing Market

Finland Finland — YIT lowers its guidance for the full-year 2023 due to weaker-than-expected housing market and provides preliminary financial information for its first quarter 2023.

YIT to Renovate Hotel Kämp in the Centre of Helsinki

Finland Finland — YIT renovates Hotel Kämp, owned by Ilmarinen Mutual Pension Insurance Company, in the centre of Helsinki. The project will be implemented as a project management contract.

YIT Makes Residential Investment in Helsinki

Finland Finland — YIT has launched a self-developed residential construction project called Asunto Oy Helsingin Nihdin Torni in Sompasaari, Helsinki. The 16-storey residential building will have a total of 29 apartments. The value of the project is approximately EUR 32 million.

YIT Launches New Residential Construction Project

Finland Finland — YIT has launched a self-developed residential construction project called As Oy Espoon Tuultentietäjä in Tapiola, Espoo in December. A total of 78 apartments will be constructed for the project. The value of the project is approximately EUR 47 million.

Trio Gets Green Light for Helsinki Development

Finland Finland — YIT, Keva and the City of Helsinki to continue joint development of the Maria area – local detailed plan confirmed.

YIT Gets Assignment from City of Tampere

Finland Finland — YIT has been selected to carry out the Tampere City Central Office Building renovation and expansion.