May 1, 2015

YIT acquires plot in Prague for EUR 15 million project

YIT's business operations continue to grow in the Czech Republic, with this announcement coming on the heels of a plot acquisition in Prague’s 9th district in March.
YIT's business operations continue to grow in the Czech Republic, with this announcement coming on the heels of a plot acquisition in Prague’s 9th district in March.
YIT

Finnish company YIT has acquired a plot in Prague’s 5th district, upon which it is constructing an apartment building. Located in the centre of the city, the project is valued at approximately 15 million euros.

Altogether, the seven-storey building will consist of almost 100 apartments and an underground parking facility. The location also boasts excellent public transport connections. Alongside the construction of standard apartments, a number of loft apartments and duplexes are also to be housed in the building.

The project is due to be completed in spring 2017.

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