NEWS

Koru Vinohradska and Stein2 area development projects with YIT are completed in Prague, the Czech Republic and in Bratislava, Slovakia. The value of the projects is approximately EUR 50 million.

YIT has sold housing projects in Bratislava, Slovakia and Vilnius, Lithuania to YCE Housing I fund which is managed by Vicus Capital Advisors Limited. The value of the projects in total is approximately EUR 25 million, and the sales are recorded in the third quarter of the year.

4Daily Mall, a joint project of NPFB/Trinfico, SRV and Vicus, was finally opened on 22 April in Mytischi, Moscow Region.

Vicus Capital Advisors has established a new real estate investment fund YCE Housing I Ky together with YIT Construction, Etera Mutual Pension Insurance Company and a group of Finnish private investors. The new fund invests in YIT's residential development projects in the CEE countries.