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ARTICLES TAGGED WITH "YIT"

YIT to Construct Apartments Worth EUR 35M

Finland Finland — YIT constructs rental and right-of-occupancy apartments worth approximately EUR 35M in the Helsinki metropolitan area and other Finnish growth centres for different parties.

YIT Sells for EUR 10M and Builds for EUR 35M

Finland Finland — YIT sells 60 apartments to Icecapital and has signed a pre-agreement with the same company to construct approximately 200 new apartments.

YIT to Construct Apartments Worth EUR 13M

Finland Finland — YIT has signed agreements on the construction of three residential projects in the capital region in Finland for a housing fund.

YIT to Construct Terminal for Posti in Vantaa

Finland Finland — YIT has signed a contract with Posti to carry out a terminal project in Viinikkala, Vantaa, Finland. The construction of the terminal property of 26,000 square metres is intended to begin in March and it will be completed in summer 2018.

YIT to Sell in Vantaa

Finland Finland — YIT has signed an agreement to sell an office and logistics property to be constructed in Viinikkala, Vantaa, to Aberdeen European Balanced Property Fund, which is managed by Aberdeen Asset Management.

Regenero Has Acquired its First Property in Otaniemi

Finland Finland — Regenero, a joint venture formed by YIT and HGR Property Partners, has acquired a property in Otaniemi, Espoo, for a development project.

YIT Starts Construction of Project in Tampere

Finland Finland — YIT starts the construction of Ranta-Tampella area development project in Tampere, Finland. The first phase to be constructed is Asunto Oy Tampereen Näsinkeula apartment building with 37 apartments which is part of Keulakortteli city block. The value of the building is almost EUR 20 million. Keulakortteli will consist of five housing co-operatives and it is tentatively estimated to be completed by 2022.

YIT to Construct New Logistics Centre in Vantaa

Finland Finland — YIT has signed a contract with Wihuri to carry out a new logistics centre project for Wihuri Oy Aarnio. The office and logistics property of 25,000 square metres is located in K3 Logistics business area, developed by YIT, in Viinikkala, Vantaa, Finland between the Ring Rail Line, Ring III and Runway 3. Due to its central location and a diverse selection of plots, the area offers opportunities for large logistics solutions.

YIT Sells Apartments Worth Over EUR 35M

Finland Finland — YIT has signed agreements on the sale of around 190 apartments to investors. The apartments will come to rental use and are located in different parts of Finland. The total value of the agreements is over EUR 35M.

Sato's CFO Esa Neuvonen is Leaving the Company

Finland Finland — After seven years at Sato the company’s CFO Esa Neuvonen leaves to join YIT Corporation. Esa Neuvonen will serve as CFO at YIT. He will start in his new position by the end of the year.

YIT Sells to Ålandsbanken’s Funds

Finland Finland — YIT has agreed to sell approximately 60 apartments and selected plots to Ålandsbanken’s funds. The total value of the agreements is close to € 20 M.

YIT to construct apartments for OP-Vuokratuotto fund

Finland Finland — YIT and OP-Vuokratuotto non-UCITS Fund have signed pre-agreements on the construction of four non-subsidized residential projects for rental use. The total value of the agreements is over € 25 M, and the projects will comprise nearly 180 rental apartments.

They Develop Finland's Largest Shopping Mall

Finland Finland — YIT, Etera Mutual Pension Insurance Company, Onvest Oy and Fennia Mutual Insurance Company have all signed the agreement to implement the Mall of Tripla and its parking facilities as a joint venture. Mall of Triples will be built at the station of Pasila in Helsinki.

New Office Building To Be Built in Helsinki

Finland Finland — YIT, Ahlström Capital and HGR Property Partners develop new office space next to the Kasarmitori square in Helsinki CBD. Two old office buildings are demolished, and they will be replaced by a 16,000 sqm office building, to be completed in late 2017.

They Will Develop Finland´s Largest Shopping Center

Finland Finland — Five companies have signed a letter of intent on the establishment of a joint venture for the implementation of the Mall of Tripla in central Pasila, Helsinki. The overall value of the shopping mall and the parking facility is approximately € 600 M.

YIT sells to OP Group fund

Finland Finland — YIT has signed an agreement on the sale of an office building located in Helsinki city centre to non-UCITS Fund OP-Vuokratuotto. The total value of the agreement is approximately € 23 M.

YIT sells in Vantaa

Finland Finland — YIT has signed an agreement on the sale of Avia Line III office premise located in Vantaa to non-UCITS Fund OP-Vuokratuotto. The total value of the agreement is over € 8 M.

Orava acquires apartments from YIT

Finland Finland — Orava Residential REIT has signed a binding agreement to acquire 42 apartments from YIT Rakennus for a debt free purchase price of EUR 10.3 million.

Citycon Sells Two Properties in Finland and Sweden

Finland Finland — Citycon has entered into contracts to divest two properties located in Tikkurila in Vantaa and Kallhäll in Stockholm. The total sales price for the two properties is around € 14 M.

YIT Sells the Lauttasaari Shopping Centre in Helsinki

Finland Finland — YIT sells the Lauttasaari shopping centre, Lauttis, in Helsinki to Aberdeen European Balanced Property Fund. The total value of the agreement is over €40M.

YIT sells in Lahtis and in Helsinki

Finland Finland — Finnish YIT sells the office building BW Tower in Lahtis and 112 apartments, most of them are located in Helsinki.