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-YIT to improve its capital efficiency by approximately EUR 25 million plot cooperation

Mar 20, 2017 - ENP Newswire

YIT has signed agreements to sell several plots to an investor.

The total value of the agreements is approximately EUR 25 million. YIT will continue developing and constructing its projects on the plots and will pay rent for the plots. The plots are located in the Helsinki metropolitan area and other Finnish growth centres. The selling of the plots will be recorded in the order backlog in the first quarter of the year, and they do not have a significant impact on the Group earnings.