YIT and VTK Kiinteistöt Oy signed an agreement for the development phase of Tikkurila's Competence Campus

YIT and VTK Kiinteistöt Oy have signed a collaboration agreement for the development phase of The educational block of the Tikkurila competence campus area in Vantaa. The project will be implemented as a collaborative project management contract, including the development phase. The estimated target budget for the project management contract, determined by the customer of the project aiming at the implementation phase after the development phase, is approximately EUR 78 million. The target and price ceiling, as well as the plans, will be revised during the development phase.

The educational institution block and it's multifunctional building that perfectly complements Tikkurila's center's functions will be implemented in Tikkurila's new Competence Campus area. At the beginning of the development phase, the property's area is approximately 28,000 gross square meters. When the facilities are completed, they will be used by approximately 2,700 students and about 300 staff members.

After the development phase, which is now starting, the goal is to move to the implementation phase of the project in the summer of 2026. The implementation phase will then last for about two and a half years. The project also includes earthworks and HVAC work.

The users of the Competence Campus area's educational block, the so-called Kortteli 1 building, are Vantaa Adult Education Centre, Vocational College Varia, Tikkurila Upper Secondary School, and Vantaa Music Institute.

The property will be connected to a network of existing buildings and properties planned for the area with a view to combining the activities taking place in the area into a densely built and communal shared-use campus complex.

Strict limit values have been set for the carbon footprint of Tikkurila's Competence Campus areas educational building, which will be achieved by choosing low-carbon solutions, materials, and operational methods. For example, green electricity will be used on the worksite, while electricity from renewable energy sources will be used for heating. The project's environmental plan includes measures to reduce emissions on the worksite. The Competence Campus will be built in accordance with the taxonomy, in an environmentally sustainable and adaptable manner. This ensures the long and flexible use of the building throughout its life cycle. A part of the EU's green transition, taxonomy is a classification system for sustainable finance, which aims, among other things, at mitigating climate change. The building's energy efficiency is significantly below the limits set in the national regulations for buildings intended for this use.

The development phase of Kortteli 1, one of the City of Vantaa's key projects, begins as planned. The objective of VTK Kiinteistöt Oy and YIT is to continue from the development phase to the implementation phase. It is positive for the project that YIT's project organization and the overall planning group led by architect office Lahdelma & Mahlamäki has experience of previous joint projects, also in the field of implementing learning environments. It is great that our exceptionally demanding Block 1 project will have experienced and competent project staff in accordance with previous expectations", said Construction Development Manager Jani Jokinen at VTK Kiinteistöt Oy.

"I am pleased that we are able to launch the development phase of Tikkurila's Competence Campus areas educational block and use our extensive experience in designing and developing learning environments. We will also utilize our extensive building services expertise to identify more cost-effective and sustainable solutions for our customer. The City of Vantaa is committed to the Ministry of the Environment's Green Deal for zero emission construction sites, which is aimed at reducing emissions generated by worksites' construction machinery and energy use and stopping the use of fossil fuels on worksites," says Matti Sarikkola, Vice President of the Private New Construction Unit at YIT.

Further information:
YIT Group Communications, tel. +358 44 743 7536, press@yit.fi

Distribution: NASDAQ Helsinki, major media, www.yitgroup.com/en

We build and develop sustainable living environments: functional and comfortable homes; public and commercial buildings for future needs; infrastructure to promote the green transition; and industrial, production and energy facilities to support our customers' processes. YIT's vision is to be the most competent partner in the development of sustainable homes, facilities and cities - for a good life. The company employs around 4,100 professionals, and in 2024 our turnover was EUR 1.8 billion. YIT's shares are listed on Nasdaq Helsinki.

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