Saturday, 15 March 2025
YIT recorded its highest sales to date in 2024, selling 416 residential units, more than double the 198 sold in the previous year. The company reported a turnover of CZK 3 billion, an increase from CZK 2 billion in 2023, reflecting a steady recovery in the property market.
Last year marked YIT’s first expansion beyond Prague, with its entry into Kladno and plans for a new residential project in Brno. In the capital, the company launched four new developments: Sija Kamýk, Toivo Roztyly, the third phase of Ranta Barrandov, and the tenth phase of Tampere within the Suomi Hloubětín complex. Additional projects are in progress in Prague 4, 5, 9, 11, and 12, alongside plans for a larger residential development in Kladno.
As part of its regional expansion, YIT launched the Portti Kladno project, transforming a former freezing plant site into a residential area with 200 apartments featuring ecological elements and options for personal or cooperative ownership. In Brno’s Židenice district, the developer is working with investment group RSJ to develop Kalevala, a project set to include more than 750 residential units and commercial spaces. Construction is expected to begin this year. In the coming years, a larger development, Virta Kladno, is planned to add approximately 800 more apartments.
In Prague, YIT continued its development activity with the construction of Sija Kamýk in Prague 12, a project offering 122 units. The tenth phase of the Suomi Hloubětín district, Tampere, was launched in autumn, featuring 68 apartments and five commercial spaces. The company also initiated the first phase of the Toivo Roztyly project with 88 units and expanded Ranta Barrandov with a third phase, adding 56 apartments. Completion of Toivo Roztyly I, Sija Kamýk, and Tampere is scheduled for this year, with new residents expected to move in by mid-2025.
YIT has also continued its focus on prefabrication technology. The company completed the Rivi Bachova project in Prague’s Chodov district, which utilized cooperative housing financing, and the Happi Milánská building in Prague 15, which featured prefabricated elements for structural components. This method will be further implemented in new regional projects in Brno and Kladno.
Future developments include the final stage of Rosala within Suomi Hloubětín, followed by the multifunctional Osto phase in the neighboring Lappi Hloubětín complex, which will include additional amenities such as a supermarket. Plans are also in place to expand Ranta Barrandov with a fourth phase, initiate the second phase of Toivo Roztyly, and introduce a new residential project in Prague’s Modřany district.
Sustainability remains a priority in all YIT projects. The company continues to integrate eco-friendly technologies, including photovoltaic panels, heat pumps, green roofs, underfloor heating, air recuperation systems, LED lighting, rainwater retention tanks, and Smart Home solutions. These initiatives aim to reduce the environmental footprint of buildings while lowering costs for residents.
YIT is also committed to reducing greenhouse gas emissions through the Science Based Targets initiative (SBTi), with a goal of cutting operational emissions by 90% by 2030 and supply chain emissions by 30% compared to 2019 levels. The company is actively promoting the use of wood in multi-story construction as a member of the Platform for Sustainable Wood Construction. By combining prefabrication with cross-laminated timber (CLT) panels, YIT aims to support the development of sustainable and modern housing.
