YCE Housing I acquires in Prague and Riga
YCE Housing I fund has signed agreements with YIT to buy Green City I project in Riga and Ranta Barrandov I project in Prague. Green City I is the fund's first project in Latvia and consists of 100 apartments to be completed in the last quarter of 2019, while Ranta Barrandov I is the fund's third project in the Czech Republic and comprises approx. 140 apartments to be completed in late 2020. The combined value of the projects is approx. EUR 35 million.
Green City I and Ranta Barrandov I are the fund's last projects bringing YCE Housing I to its full investment. After the start of cooperation about two years ago, YIT has sold a total of 12 projects to YCE Housing I fund. The total investment value of these projects is nearly EUR 160 million consisting of nearly 1100 apartments.
Read YIT's press release here.