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.

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.

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.

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

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

Finland — The Board of Directors of YIT Corporation has appointed Heikki Vuorenmaa to the position of President and CEO effective 1 December 2022 at the latest. Markku Moilanen will step down from his current position as President and CEO by the end of November and continue as Senior Advisor until the end of the year.

Finland — Ilkka Tomperi, Executive Vice President, Property Development and a member of the YIT management team will leave YIT to join another company outside of YIT. He will continue in his position until the end of 2022.

Finland — YIT’s modern logistics properties developed for, and sold to, DWS Group have been completed.

Finland — The second phase will commence with the construction of business and service premises for HUS. The property has been sold to OP-Public Services Real Estate special fund.

Finland — YIT has started several residential apartment building projects in Finland and CEE countries in April-June 2022.

Finland — HGR, Ilmarinen and YIT have established a joint venture regarding real estate development activities in Keilaniemi.

Finland — YIT has sold its 50 percent share of the Pradiareň 1900, a project company owning an office property in Bratislava, Slovakia to a newly established sub-fund of RSJ Investments. RSJ Investments is a Czech real estate investor and a joint venture partner of YIT Slovakia in several projects via separate fund. Debt-free transaction price is approximately EUR 35 million.

Finland — YIT is launching the construction of the five-storey office building and a car park that will serve housing units of Tuultenristi in Tapiola.

Finland — YIT has signed a contract agreement with Nokia regarding the building of new facilities in Oulu.

Finland — YIT accelerates its strategic review and ceases plot investments and apartment start-ups in Russia.

Finland — YIT has bought two plots from LähiTapiola, located in Tapiola, Espoo, in the immediate vicinity of the shopping mall AINOA and the Tuultenristi area development project, at Itätuulenkuja 6 and 8.

Finland — Juhani Nummi, Executive Vice President, Development and the member of YIT Management Team leaves the company.

Finland — YIT extends the maturity of its credit facility by one month.

Finland — BTA Baltic Insurance Company, a part of the Vienna Insurance Group, has agreed with the Finnish construction company and developer YIT to establish a joint venture and co-invest a total of EUR 120 million in rental apartments in the Baltics.

Finland — YIT has signed an agreement to sell a logistics property of approximately 15,000 square metres located in Vantaa’s Hakkila district to an international investment company.