ARTICLES TAGGED WITH "YIT"

YIT gets new assignment in Espoo

Finland Finland — YIT was selected to build three school and daycare center properties in Espoo – value to YIT approximately EUR 90 million.

YIT selected as main contractor for Kouvola data centre project

Finland Finland — The project company behind the Kouvola data centre initiative, Hyperco Fin HoldCo 1 Oy, has selected YIT as the main contractor for the construction of the facility. The project encompasses approximately 28,000 square metres and includes a data centre building, office premises, and associated external technical areas and site works.

YIT agrees on sale and construction of three residential buildings in Prague

Finland Finland — YIT has signed an agreement with the Czech housing cooperative Ranta Barrandov IV for the sale and construction of three residential buildings.

YIT builds for EQ

Finland Finland — YIT and EQ Community Properties have agreed with the City of Helsinki on construction of the Hermanninranta school, daycare center and youth center.

YIT continues collaboration with XTX Markets in Kajaani

Finland Finland — YIT and XTX Markets have signed a new agreement to begin construction of a second data center in Kajaani, Finland, as part of the algorithmic trading firm’s large data center complex. The project includes delivering the shell and core of the new facility, further strengthening Kajaani’s position as a growing data center ecosystem. The parties have agreed not to disclose the value of the agreement.

YIT is launching a self-developed housing project with 35 apartments

Finland Finland — YIT is starting the construction of a self-developed apartment building project called Asunto Oy Keravan Tähkiö in the center of Kerava. The seven-storey residential building will have 35 homes. The value of the project is just under EUR 10 million. Construction will begin in August and the building is scheduled for completion during summer 2026.

Logian and YIT sign a significant partnership agreement for the development of Sammonmäki in Tuusula

Finland Finland — A development project by Logian and YIT Corporation has now been launched in Sammonmäki, Tuusula, as part of the extensive development of the Focus area on the northern side of the airport. The project includes 35,000 sqm of premises for industrial or logistics companies.

YIT granted a planning reservation for the area north of the center of Leppävaara

Finland Finland — The Business and Competitiveness Subcommittee decided in its meeting on 10 February to grant YIT a planning reservation for the area north of the center of Leppävaara. YIT commits to designing the area on the basis of the Walk Around proposal, which won the idea competition and was developed by YIT, ARCO Architecture Company, and the design and consulting company Ramboll.

YIT started the construction of a self-developed project in Raseborg

Finland Finland — YIT has started the construction of a self-developed row house and apartment building called Asunto Oy Raaseporin Norra Marina on the shore of Ekenäs’ North Harbor. Construction began in December 2024 and the new homes will be completed in December 2025. The value of the project is approximately EUR 13 million and it will be recorded in the order book for the last quarter of 2024.

YIT expands its operations in the Czech Republic

Finland Finland — YIT expands its operations in the Czech Republic to the city of Brno.

YIT to execute an apartment building for TA-Asumisoikeus

Finland Finland — YIT and TA-Asumisoikeus Oy have signed an agreement on the construction of an ARA-funded eight-storey apartment building project named Asumisoikeus Oy Suvialankaari 1 in Niemenranta area, Tampere. The right-of-occupancy dwellings contracted to TA-Asumisoikeus are part of YIT's Niemenranta regional project. The value of the contract is approximately EUR 9 million and it will be recorded in the order book of the last quarter of the year.

YIT to execute two apartment buildings for A-Kruunu in Turku Fabriikki

Finland Finland — YIT has signed an agreement with A-Kruunu Oy for the construction of Asunto Oy Turun Fabriikin Gunnar and Asunto Oy Turun Fabriikin Giselle apartment buildings in Turku.

Mika Toivonen appointed Chief Procurement Officer at YIT

Finland Finland — Mika Toivonen has been appointed YIT’s Chief Procurement Officer as of 10 September 2024. He has worked at YIT since 1991 and most recently served as Vice President, Procurement of YIT's Housing segment.

YIT to build indoor sports hall in Lappeenranta

Finland Finland — YIT and the City of Lappeenranta have signed a contract for the construction of an indoor sports hall suitable for sports and events. The project will be carried out as a design-build contract, where the developer will also be responsible for the planning of the site. The contract is worth approximately EUR 14 million and will be entered in YIT’s order book for the third quarter of the year.

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.