March 23, 2015

YIT acquires sizeable plot in Prague for area development project

YIT operates in seven countries and has more nearly 6 000 employees. The company’s revenue amounted to around 1.8 billion euros in 2014.
YIT operates in seven countries and has more nearly 6 000 employees. The company’s revenue amounted to around 1.8 billion euros in 2014.
YIT

Finnish construction company YIT has acquired an approximately nine-hectare plot in Prague’s 9th district as part of its development project in the region.

The plot will house almost 900 apartments, with a total living area of around 57 000 square metres. The development is located in one of the city’s fastest developing residential districts, along the Rokytka Creek. Construction is to be completed in different stages.

YIT is strategically increasing its developments in Central and Eastern Europe countries. The plot acquisition thus represents a significant step as a growth enabler for the company’s business operations in the Czech Republic.

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