YCE HOUSING I

YCE Housing I, established in the end of 2016, invested in residential development projects in the capitals of five CEE and Baltic countries: Czech Republic, Slovakia, Estonia, Latvia and Lithuania. Investors of the fund include YIT, Ilmarinen Mutual Pension Insurance Company and several private investment companies and family offices.

The fund offered a unique opportunity for diversified investments into attractive housing markets in strongly growing economies. The fund operated in a close co-operation with YIT, a leading housing developer in the fund's target cities.

The fund's equity totaled approximately 37 MEUR. Within less than five years from its establishment, YCE Housing I carried out more than ten projects and developed nearly 1,100 apartments. All apartments have been sold and the fund is at liquidation stage. The fund generated an annual equity IRR of approx. 20%.


INVESTMENTS

RANTA BARRANDOV I

Ranta Barrandov I is the first phase of YIT's residential project in Prague, Czech Republic. Ranta Barrandov I is located on Wassermannova Street in Prague's district Barrandov.

Ranta Barrandov I includes approximately 140 apartments and it was completed in late 2020.

LOCATION

Prague, The Czech Republic

SIZE

141 apartments

YEAR OF COMPLETION

2020

Ranta Barrandov I
Ranta Barrandov I
Ranta Barrandov I
Ranta Barrandov I

GREEN CITY I

Green City I is located in Stirnu Street, Riga, Latvia.

The construction of the project was started in April 2018 and it was completed in the last quarter of 2019. The project comprises of 100 apartments.

LOCATION

Riga, Latvia

SIZE

100 apartments

YEAR OF COMPLETION

2019

Green City
Green City
Green City I
Green City I

STEIN2

Stein2 is an area development project with YIT developed in 3 phases in Bratislava, Slovakia. Stein2 area project is located in historical part of the city, near the landmark Evangelical Church.

The project was constructed in 3 phases as a part of the Stein2 area development project.

The construction of the phase 3 was started in summer 2017 and it was completed in the third quarter of 2018. The construction of the phases 4 and 5 were completed in spring 2019. The phases comprise of approximately 180 apartments in total.

LOCATION

Bratislava, Slovakia

SIZE

180 apartments

YEAR OF COMPLETION

2019

Stein2 area project
Stein2 area project
Stein2
Stein2

KORU VINOHRADSKA

Koru Vinohradska is located close by the city center, 15 minutes by tram. Nearby is the city ring road and the railway station Praha-Strašnice.

The construction of the project was started in October 2017 and it was completed in summer 2019. The project comprises of approximately 60 apartments.

LOCATION

Prague, the Czech Republic

SIZE

59 apartments

YEAR OF COMPLETION

2019

Koru Vinohradska
Koru Vinohradska

NUPPU III

Nuppu III is the third phase of YIT's largest area development in Bratislava, Slovakia. Nuppu area project is located in Ruzinov district within walking distance from the city's business district and 10 minutes (3 km)  from the city center.

The project completed in 2019 comprises of 106 apartments. The whole Nuppu area project consists of approximately 1 000 apartments constructed in 10 phases. The value of the phase is over EUR 13 million.

LOCATION

Bratislava, Slovakia

SIZE

106 apartments

YEAR OF COMPLETION

2019

Nuppu area project
Nuppu area project
Nuppu area project
Nuppu area project

SUOMI III

Suomi III is the third phase of YIT's largest area project in Prague, the Czech Republic. Suomi area project is located in Hloubetin district, Prague 9, one of the fastest developing parts of the city with good public transport connections, green areas and versatile services.

Suomi III includes 106 apartments and it was completed in 2018. The whole Suomi area project consist of over 800 apartments in 23 buildings.

LOCATION

Prague, the Czech Republic

SIZE

106 apartments

YEAR  OF COMPLETION

2018

Suomi III
Suomi III
Suomi area project
Suomi area project
Prague City
Prague City

VIBU VI

Vibu VI is the sixth and last phase of YIT's area project in Tallinn, Estonia. Vibu area project is located in Kalamaja district next to Lennusadam (Seaplane Harbour) within walking distance (1 km) from the old town and 2 km from the passenger port.

In the project, 53 apartments and underground parking were built. The project was completed in 2018. In total, YIT has built already approximately 300 apartments in the area.

LOCATION

Tallinn, Estonia

SIZE

53 apartments

YEAR OF COMPLETION

2018

Vibu VI
Vibu VI
Vibu VI
Vibu VI
Vibu VI
Vibu VI

NUPPU II

Nuppu II is the second phase of YIT's largest area project in Bratislava, Slovakia. Nuppu area project is located in Ruzinov district within walking distance from the city's business district and just 10 minutes (3 km) from the city center.

Nuppu II includes 106 apartments and it was completed in autumn 2018. The whole Nuppu area project consists of approximately 1 000 apartments constructed in 10 phases.

LOCATION

Bratislava, Slovakia

SIZE

106 apartments

YEAR OF COMPLETION

2018

Nuppu II
Nuppu II
Nuppu area project
Nuppu area project
Nuppu area project
Nuppu area project

TAMMI V

Tammi V is the fifth and last phase of YIT's area project in Bratislava, Slovakia. Tammi area project is located in Dúbravka, 8 km from Bratislava city center. In the neighborhood, there are various sports and playgrounds, skating rinks, tennis courts and recreational areas.

Tammi V includes 148 apartments and it was completed in summer 2019. The whole Tammi area project consists of nearly 500 apartments constructed in five phases.

LOCATION

Bratislava, Slovakia

SIZE

148 apartments

YEAR OF COMPLETION

2019

Tammi V
Tammi V
Tammi area project
Tammi area project

RAITININKU I

Raitininku I is the first phase of YIT's residential project in Vilnius, Lithuania. Raitininku is located nearby Neris river, only 10 minutes (1 km) walking distance from the city center and old town.

Raitininku I includes 102 apartments and it was completed in summer 2019. The Raitininku project was constructed in two phases.

LOCATION

Vilnius, Lithuania

SIZE

102 apartments

YEAR OF COMPLETION

2019

Raitininku I
Raitininku I
Vilnius city
Vilnius city