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2016-03-11

YIT Oyj: YIT to sell an office and logistics property in Vantaa to a fund managed by Aberdeen

YIT CORPORATION Investor News March 11, 2016 at 1:00 p.m.

YIT has signed an agreement to sell an office and logistics property
located in Viinikkala, Vantaa, to the property capital fund Aberdeen
Property Fund Finland I Ky, which is managed by Aberdeen Asset
Management. The total value of the contract is approximately EUR 13
million. The project will be completed at the end of 2016.

The office and logistics project K3 Biisoni represents the Work &
Trade concept developed by YIT that provides diverse combined
facilities to small and medium-sized companies. Work & Trade Biisoni
is located in the K3 Logistics area owned by YIT between Ring Road
III and Helsinki-Vantaa airport. The total floor area of the building
is 8,500 square metres and its anchor tenant will be Movetec Oy.

"Cooperation with the anchor tenant Movetec Oy and Aberdeen, who
represents the investor, has been carried out in a good spirit. This
project is doing its part to complete the extensive K3 workplace area
where there will be more interesting projects in the next few years,"
says Heikki Lähdesniemi, Project Development Manager from YIT.

For further information, please contact:

Sanna Kaje, Vice President, Investor Relations and M&A, YIT
Corporation, tel. +358 50 390 6750, sanna.kaje@yit.fi

Timo Lehmus, Head of Real Estate Development business division, YIT
Construction Ltd, tel. +358 400 409 181, timo.lehmus@yit.fi

YIT CORPORATION

Sanna Kaje
Vice President, Investor Relations and M&A

Distribution: NASDAQ OMX, principal media, www.yitgroup.com

YIT is a construction industry leader that creates sustainable urban
environments by constructing housing, business premises,
infrastructure and entire areas. We focus on providing a first-class
customer experience, high quality and continuous development of our
diverse expertise. Our operating area covers Finland, Russia, the
Baltic countries, the Czech Republic, Slovakia and Poland. Our vision
is to stay one step ahead - while caring for our customers, partners
and personnel. We have over 5,300 employees in eight countries. In
2015, our revenue amounted to nearly EUR 1.7 billion. Our share is
listed on Nasdaq OMX Helsinki. www.yitgroup.com

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http://news.cision.com/yit-oyj/r/yit-to-sell-an-office-and-logistics-pro...

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