YIT Oyj

YIT Corporation announced a contract to construct a rental building in the Kangas urban development area near Jyväskylä's center. The building, subsidized by Finland's Housing Finance and Development Centre (ARA) and owned by A-Kruunu, began construction in December 2024 and is expected to complete in January 2026. The contract is valued at approximately EUR 11 million and will be added to YIT's order book for Q4 2024. Located at Rullakuja 3, the eight-storey building will include apartments, commercial space, common areas, and storage facilities, covering about 3,700 square meters. It will meet energy class A requirements and feature solar panels. The design is inspired by the former Kangas paper mill, part of Jyväskylä's significant urban development project, Kangas, which was named District of the Year 2024 by the Finnish Local Heritage Federation. The area is close to recreational areas and city services. YIT's regional director, Marjaana Nissilä-Ryytty, and A-Kruunu's construction director, Leena Aho-Manninen, highlighted the project's importance and collaboration. YIT is a major construction and project development company, employing about 4,300 people across eight countries, with a 2023 turnover of EUR 2.2 billion.

YIT Corporation announced it has signed a EUR 100 million contract with XTX Markets to build a large-scale data center in Kajaani, Finland. The project, covering about 15,000 m², will include a data hall, loading and office buildings, and a maintenance facility. This development will enhance Kajaani's data center ecosystem. XTX Markets, a leading algorithmic trading firm, selected Kajaani to support its computational needs. Aleksi Laine from YIT highlighted the significance of the project for the local region and Finland's appeal for large-scale data center investments. YIT is a major construction company with operations in eight countries and a 2023 revenue of EUR 2.2 billion.

YIT Corporation has signed a project management contract with Hitachi Energy to construct a new production and technology center in Mustasaari, Finland. The project, valued at approximately EUR 105 million, includes facilities for product development, testing, and a high-tech transformer production center to double Hitachi Energy's transformer production capacity in Finland. The construction, covering around 44,000 square meters, will start in February 2025 and is expected to be completed in early 2027. This initiative is part of Hitachi Energy's investment in sustainable energy and aligns with YIT's strategy to support green energy transition and Finland's electricity supply security.

YIT Corporation announced that Antti Inkilä, Executive Vice President of the Housing segment, will leave the company on December 31, 2024, to pursue opportunities outside YIT. Heikki Vuorenmaa, President and CEO of YIT, expressed gratitude for Inkilä's contributions over his 30-year career with the company. In November 2024, YIT decided to restructure the Housing segment into two separate segments named Residential Finland and Residential CEE to improve focus and strategy execution. Heikki Vuorenmaa will serve as interim leader for the Residential Finland segment, while CFO Tuomas Mäkipeska will be interim leader for the Residential CEE segment. The search for permanent leaders for these segments is underway. The YIT Group Management Team from January 1, 2025, will include Heikki Vuorenmaa, Peter Forssell, Juha Kostiainen, Aleksi Laine, Tuomas Mäkipeska, and Jennie Stenbom. YIT is a construction and development company with operations in eight countries, employing approximately 4,300 people, and generating a revenue of EUR 2.2 billion in 2023. The company's shares are listed on Nasdaq Helsinki.

YIT Corporation has commenced construction on a new residential apartment building, Asunto Oy Tampereen Kesätuuli, in the Niemenranta area of Tampere. The project began in November 2024 and is expected to be completed by December 2025, with a value of approximately EUR 11 million. The building will feature 48 apartments ranging from 29.5 m² to 94.5 m², each with a balcony or terrace. The development focuses on sustainability, using geothermal heating, solar panels, and renewable electricity during construction. Electric vehicle charging points will be available, and construction waste will be minimized. The building is designed to meet A energy class requirements. YIT's Regional Director, Sami Viitanen, expressed satisfaction with the project's launch, highlighting the high standard and competitive pricing of the homes. The Niemenranta area offers urban living with good transport links and natural surroundings. YIT is a leading construction company with a history of over 110 years, employing around 4,300 people across eight countries.