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YIT Oyj: YIT starts the construction of care projects in Espoo and Tampere

YIT Corporation Investor News December 15, 2016, at 8:00 a.m.

YIT has started the construction of the Tenava day-care centre in
Espoo and the Niemenrannan Johannes assisted living facility in
Tampere. The value of these contracts is approximately EUR 13
million. The projects are a part of the framework agreement concluded
with the Swedish property investment company Hemsö Fastighets AB for
the construction of nine care facilities in various parts of Finland.
The projects starting now are the first ones executed for this
framework agreement. If all projects under the framework agreement
will be implemented, their total value will be around EUR 75 million.

"We are extremely pleased to have signed the framework agreement, and
really look forward to engaging in a long-term partnership with YIT.
Our goal is to contribute to the development of new housing solutions
for different housing needs, such as those of the elderly," says
Jarkko Leinonen, Country Manager for Hemsö Fastighets Ab in Finland.

The construction of the Tenava-Tilli day-care centre was started in
October, and the project is due to be completed in the summer of
2017. There will be approximately 140 new day-care places. The user
of the premises will be Suomen Tenava päiväkodit Oy, owned by the
Norwegian Norlandia Care Group. "The day-care centre offers
nature-oriented early childhood and preschool education based on
small-group pedagogy. The day-care centre and its environment
designed together with our partners offer an excellent starting point
for the activities", says Olli Lehtisalo, Managing Director for
Suomen Tenava päiväkodit Oy.

The construction of the Niemenrannan Johannes assisted living facility
was started in December, and the project will be completed at the end
of 2017. YIT has concluded a lease for the property with Attendo Oy.
"This assisted living facility responds to the increasing need for
care and living services for the elderly in the Tampere region.
Niemenranta is a new, developing and cosy neighbourhood, an
attractive green area," says Tiina Talonen, Regional Director for

YIT is also working on another project for the older generation in the
Niemenranta district, Nestorin Aarre, providing owner-occupied
apartments. Its construction started in 2015 already. YIT develops
and constructs versatile living opportunities for especially the
elderly according to the YIT Care concept. "It is our objective to
make sure that older people can live at home for as long as possible,
or even their whole life in the best case," says Anne Suojoki, who is
responsible for the development of YIT's care facility projects.

Further information:

Esa Neuvonen, Chief Financial Officer, YIT Corporation, tel. +358 40
500 1003,

Hedi Grass, Transaction Specialist, YIT Construction Ltd, tel. +358 40
7338 821,


Hanna Jaakkola
Vice President, Investor Relations

Distribution: NASDAQ Helsinki, major media,

YIT creates better living environment by developing and constructing
housing, business premises, infrastructure and entire areas. Our
vision is to bring more life in sustainable cities. We want to focus
on caring for customer, visionary urban development, passionate
execution and inspiring leadership. Our growth engine is urban
development involving partners. Our operating area covers Finland,
Russia, the Baltic countries, the Czech Republic, Slovakia and
Poland. In 2015, our revenue amounted to nearly EUR 1.7 billion, and
we employ about 5,300 employees. Our share is listed on Nasdaq
Helsinki. (


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