Good News from Fri, 06 July, 2012:

YIT launches IKEA store construction in Lithuania

YIT is building a new IKEA store close to the Vilnius airport. YIT is building a new IKEA store close to the Vilnius airport.

YIT Kausta, Lithuanian subsidiary of YIT Construction, has started construction of the IKEA store in Vilnius, Lithuania. The value of the contract is over 15 million Euros and the project is scheduled to be completed in the summer 2013.

— For us, the shown confidence in developing of this project is very important. When trying to attract investments into Lithuania it is very important that such a famous trademark as IKEA expands its business to our country, says YIT Kausta Managing director Kęstutis Vanagas.

The new IKEA store will be build in the land plot in the vicinity of the Vilnius airport. The total size of the store will be approximately 26 000 square metres.

YIT is celebrating its 100th anniversary this year. The company is a leading European service company in building systems, construction services and services for industry. It has around 26 000 professionals in 14 countries in the Nordic and Baltic countries, Russia and Central Europe.

www.yit.com

MM