YIT Oyj: YIT contracted to build an apartment building for A-Kruunu in the Niemenranta area in Tampere - value to YIT approximately EUR 9 million

YIT and A-Kruunu have agreed on the construction of rental apartments subsidized with a long-term interest subsidy in Niemenranta, Tampere. A-Kruunu is a state-owned special assignment company that builds affordable rental housing. The earthworks will start in June 2025, and the project is slated for completion in August 2026. The total value of the contract for YIT is approximately EUR 9 million, and it will be recorded in the order book for the second quarter of the year.

The total scope of As Oy Tampere Polaris will be approximately 3 000 square meters of floor space. The project is designed in line with the energy class A requirements and the building will be equipped with solar panels. The apartments contracted for A-Kruunu are part of YIT's regional Niemenranta project in Tampere.

"YIT is a reliable and high-quality developer, and it's great to continue our collaboration in this Niemenranta project. The upcoming site will include 44 apartments for us, ranging from studios to family homes. There is a strong demand for reasonably priced housing in this growing urban area, so the apartments are sure to be sought after. In particular, good public transport connections, such as the rail link to Tampere city centre, are seen as positive factors when people are looking for a home," said Jari Mäkimattila, CEO of A-Kruunu.

"We will complete construction of two apartment buildings for A-Kruunu in Niemenranta during the summer, and it is great to be able to continue this collaboration with the new apartment building. YIT and A-Kruunu have enjoyed excellent, long-term collaboration in several projects around Finland. The Niemenranta area provides an excellent setting for modern living near amenities and good transport connections," says Sami Viitanen, Regional Director of YIT.

Read more about the Niemenranta area:
Apartments and new properties for sale in Niemenranta | YIT.fi

For more information:
YIT Group Communications, tel. +358 44 743 7536, press@yit.fi

We build and develop sustainable living environments: functional and attractive homes, future-proof public and commercial buildings, infrastructure to support the green transition as well as industrial, production, and energy facilities to support our customers' processes. YIT's vision is to be the expert partner in developing sustainable homes, spaces, and cities - for a good life. There are approximately 4,100 professionals in our team and our revenue in 2024 was EUR 1.8 billion. YIT Corporation's shares are listed on Nasdaq Helsinki.

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