Finland — Corona not only pushed the traditionally site-oriented construction industry to develop, it also offered great opportunities to create completely new practices and services, Finnish construction giant YIT concludes in a statement.

Finland — YIT Corporation's Board of Directors has appointed Tuomas Mäkipeska as YIT’s Chief Financial Officer and a member of the Group Management Team. He shall take over his position latest at the beginning of February 2022.

Finland — YIT started several residential apartment building projects in Finland and the CEE countries in April-June 2021.

Finland — YIT and the German real estate investment company Quadoro have signed an agreement for the sale of the offices of the Bulevardikortteli block in Järvenpää.

Finland — The municipality of Janakkala has chosen YIT as its partner to build the new school and multipurpose centre in Turenki.

Finland — YIT has appointed Pasi Tolppanen as the Executive Vice President of Infrastructure segment and a member of the Group Management Team. He shall take over his position latest at the beginning of September 2021.

Finland — Regenero, a joint venture formed by YIT and HGR Property Partners, has closed the property transaction concerning Keilalampi and the Keilaniemenranta pavilions in Espoo.

Finland — Nordic communications and logistics provider Postnord and YIT have signed a rental agreement concerning Postnord’s new logistics centre in Hakkila, Vantaa.

Finland — Markku Moilanen has been appointed President and CEO of YIT. Moilanen will commence on 1 April 2021.

Finland — YIT and Kymsote-Kiinteistöt Oy have signed a contract on the construction of the Kymenlaakso Central Hospital expansion, utilising a cooperative project management contract model.

Finland — YIT has sold part of the hybrid block in the city centre of Lahti at Aleksanterinkatu 11 to the special fund managed by OP Real Estate Asset Management Ltd.

Finland — The new central block will launch the renewal of Järvenpää’s city centre by combining high-quality living, services and office spaces.

Finland — YIT has signed a contract on the sale of the K3 North property to a fund managed by an international investment company. The K3 North property is located in the neighbourhood of Viinikkala in Vantaa, Finland, close to Helsinki Airport.

Finland — YIT has started the construction of five new apartment buildings in Russia in July–September. The properties are located in St. Petersburg, Yekaterinburg and the Moscow region, and their combined value exceeds EUR 40 million. The buildings will consist of nearly 800 apartments in total. The residential start-ups will be entered in the order backlog of the third quarter of 2020.

Finland — Kari Kauniskangas will leave his position as the President and CEO of YIT Corporation. The Board of Directors has already embarked upon the search process for a new CEO, and appointed Antti Inkilä, EVP of Housing Finland and CEE segment of YIT, as interim President and CEO effective 23 October 2020.

Finland — The preliminary contract on the sale of the property and local detailed plan proposal of YIT and the City of Helsinki concerning the planning and implementation of the Kruunuvuorenranta Centre Block are progressing and will be discussed in the Urban Environment Division on October 20, 2020. YIT was selected as the Centre Block negotiating partner for the City of Helsinki through registration and negotiation proceedings organised in 2017.

Finland — YIT and the municipality of Sodankylä in Nothern Finland have signed contracts for the planning and construction of a multi-purpose building and the maintenance of the property for 20 years using the life cycle model. Construction work will begin in the autumn 2020 and end in August 2022.

Finland — YIT and OP-Rental Yield special fund have agreed to establish a company investing in rental apartments. In the same connection, YIT has agreed on the sale of eight rental apartment buildings to the company.

Finland — YIT started four new apartment building projects in Russia in April–June. The projects are located in Yekaterinburg, St. Petersburg and Kazan. The total value of the projects exceeds EUR 50 million, with over 800 apartments to be completed.