YIT CORPORATION PRESS RELEASE APRIL 23, 2010 at 10:00
YIT BEGINS CONSTRUCTION OF HYVINKÄÄ COMMERCIAL AND SERVICE CENTRE IN FINLAND
YIT Construction Ltd has signed a contract with Kesko, according to which YIT
will create new space for the K-citymarket in the new shopping mall in the
centre of Hyvinkää, Finland. The construction of the 27,000 m² mall has already
begun, and it is due to open in March 2012. The construction of the K-citymarket
also launches the construction of the Hyvinkää commercial and service centre.
- We want commercial services to be in the centre of the city, where the people
are. This new commercial centre and its services will revitalise the centre of
Hyvinkää. It's about time that the people of Hyvinkää get a K-citymarket that
meets the demands of today's customers, says Kesko's District Director Timo
Huurtola.
The shopping mall project will be enacted in stages. In addition to
K-citymarket, the first stage will also cover other business premises, for which
several companies have already made reservations. Anttila, Seppälä, Lindex, name
it, VILA, VERO MODA, JACK & JONES, ONLY, Moda Laakso and Instrumentarium, among
others, have reserved store premises for themselves, and negotiations are
currently being held with several other businesses. The shopping mall will also
have office space.
A vital project for Hyvinkää's urban development
From the City of Hyvinkää's standpoint, the YIT venture is part of the general
Keko commercial centre project, which will be completed in 2013. The city's
commercial construction guideline will be enacted in its entirety, in which
commercial activities will be located in the growing and dynamic city centre.
- With this project YIT can support the Ministry of the Environment's recent
urban centre development and revitalisation theme, says Unit Manager Hannu Lokka
of YIT Construction Ltd.
The nascent shopping mall can be easily reached by either light traffic or
public transportation. This way concentrated services lessen the need and
environmental effects of car traffic. The project as a whole will strengthen
Hyvinkää's position as the commercial hub of the Northern Uusimaa economic
region.
- By laying down the foundations for diverse and specialised commerce and by
increasing the variety of services for the people we will restore Hyvinkää's
purchasing power. This way we can also create new jobs in the service sector and
decrease youth unemployment in particular, says Mayor Raimo Lahti of Hyvinkää.
Additional information:
Hannu Lokka, Unit Manager, YIT Construction Ltd, tel. +358 400 454 342,
hannu.lokka@yit.fi
Timo Lehmus, Senior Vice President, Business Premises, YIT Construction Ltd,
tel. +358 400 409 181, timo.lehmus@yit.fi
YIT Corporation
Virva Salmivaara
Director of Communications
YIT is a significant European services company operating in the fields of
building, construction and industry. We build, develop and maintain a
comfortable living environment in Scandinavia, Russia, the Baltic countries and
in Central Europe. YIT's turnover was EUR 3.5 billion in 2009. There are about
23,500 personnel in the group. YIT stock is traded at NASDAQ OMX in Helsinki.