September 02, 2014 10:29 AM ET

Household Durables

Company Overview of ZAO YIT St. Petersburg

Company Overview

ZAO YIT St. Petersburg operates as a construction company and engages in the construction and sale of residential buildings. It also offers commercial real estate development services. The company is based in St. Petersburg, Russian Federation. ZAO YIT St. Petersburg operates as a subsidiary of YIT Oyj.

Primorsky pr., 54/A

St. Petersburg,  197374

Russia

Phone:

7 812 703 4444

Fax:

7 812 430 3375

Key Executives for ZAO YIT St. Petersburg

General Director
Age: 42
Compensation as of Fiscal Year 2014.

ZAO YIT St. Petersburg Key Developments

YIT St. Petersburg Starts Construction of A New Residential Project in Northeastern St. Petersburg, in the Krasnogvardeyskiy District

YIT St. Petersburg has started the construction of a new residential project in northeastern St. Petersburg, in the Krasnogvardeyskiy district. The total value of the project, which will be constructed in a single phase, is approximately EUR 70 million, and it is due for completion in late 2016. The apartment building complex, named Toive, will feature nearly 490 apartments, varying from one to four rooms in size. The total floor area of the project is approximately 25,000 floor square metres. In addition, 14 business premises are planned on the ground floor. The building will be 13 storeys high, and, in terms of architecture, it blends with the historic 1930s–1950s style of the surrounding buildings. A parking facility for some 170 cars will be built next to the building. Toive is located next to excellent traffic connections, only two kilometres from the Nevsky Prospect main street in the centre of St. Petersburg and a five-minute walk to the metro station. Several apartments in the building have a beautiful view over the Neva River and the city centre.

YIT St. Petersburg Expands its Residential Production in Russia to Pushkin

YIT St. Petersburg has started the construction of a new residential area in Pushkin, a suburb of St. Petersburg. At the same time, sales of the apartments in the area began. The area will be built in several phases, and the value of the current first phase is approximately EUR 70 million. The company has plot reserves for building approximately 2,500 residential units in Pushkin. The company's new residential area is located in the southern part of the town of Pushkin near historical Tsar-era palaces and parks. The first phase consists of the construction of nine apartment buildings, with a total area of nearly 46,000 square meters, on an approximately four-hectare plot. The decision to start the construction applies to a block with approximately 600 units and nearly 200 parking spaces. The apartment complex will be handed over to customers in phases by the end of 2016. The five-storey buildings of the apartment complex are built according the principles of modern Finnish architecture and they will blend in smoothly with the historical buildings of the surrounding town of Pushkin. The units consist of one to three rooms and their area is approximately 25-90 square meters. Each unit has a glazed balcony, and the plan is to include a sauna in some of the units. The basements will house storage facilities. The designs for the yard area include playgrounds for children as well as areas suitable for sports and recreational activities.

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