YIT Oyj (YITYY), a construction and development company, on Friday said it has signed a EUR 25 million agreement with the Czech housing cooperative Ranta Barrandov IV to build and sell three residential buildings in Prague.
The project, comprising 69 housing units, will be sold by the cooperative to its members. The apartments are part of YIT's Ranta Barrandov development, where the company has previously built homes for the open market.
As of June 2025, YIT had launched nearly EUR 400 million worth of new projects across Central Eastern Europe and the Baltics, with completion scheduled for 2026.
"The Barrandov project is an excellent example of how we are implementing our growth strategy in the Residential CEE segment. Through the housing cooperative model, we reach a new type of customer base, generate capital-efficient growth, and offer modern living in a sought-after area. We see strong demand for high-quality housing in Prague," said Justyna Filipczak, EVP, Residential CEE at YIT.
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December 19, 2025 15:10 ET U.S. inflation data and interest rate decisions by major central banks were the highlights of this busy week for economics news flow. Employment data and survey results on the housing markets also gained attention in the U.S. In Europe, the European Central Bank and Bank of England announced their policy decisions and macroeconomic projections.