YIT starts the construction of a new apartment building project in Lytkarino, Moscow Region, Russia. The project will comprise approximately 200 apartments as well as business premises. The total value of the project is approximately EUR 10 million and the start-up is recorded in the third quarter. The project will be completed by the end of summer 2019.
The project is the latest phase of an area development project called Microdistrict 4A and it has an excellent location with a panoramic landscape to the Moscow River. A lake with a beach and a forest park area are also located nearby in the environmentally friendly area. The area is easily accessible via the Moscow Ring Road which is approximately 10 kilometres away along with good public transportation connections. The apartments vary from two and three room standard apartments with spacious living rooms to compact studio apartments.