Czech Republic YIT goes to Brno
Residentialschedule 13 November 2024
The construction of the first apartment building is planned to start in spring 2025
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YIT continues to grow in line with its strategy in the CEE countries. The company is expanding its operations in the Czech Republic and establishes a joint venture with the Czech investor group RSJ Investments.
The joint venture company buys a plot of land and starts its first project in the Židenice area, Brno. YIT and RSJ Investments each own 50 pct of the now established joint venture. The parties have agreed not to disclose the value of the transaction.
We are pleased to have the opportunity to carry out a project in Brno again after some time. The area on the border of Židenice and Vinohrady, where the apartments will be located, offers beautiful views, surrounding greenery, good amenities, a
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