The YIT company has sold the Rivi Bachova project in the Praha-Chodov district to the Rivi Construction Cooperative. The interest in cooperative housing is increasing given the situation in the Czech mortgage market.

Developer YIT Slovakia has been planning the construction of the Smartti residential project on Údernícká Street in the Petržalka part of Bratislava for some time. After several years of no news, the project is moving ahead, Yimba.sk reports. Local authorities of Petržalka city part have issued a decision on the location of the building, shifting the development towards its implementation.

YIT has signed agreements to establish three joint ventures with the Czech investment group RSJ Investments in Lithuania, Latvia, and Slovakia. YIT is selling plots or projects under construction to joint ventures under the same agreement.

YIT has completed the third residential stage of Tornio, which expanded the multifunctional complex Lappi Hloubětín in Prague 9 with 79 new apartments. Almost half of the units are currently sold out.

YIT's Happi Milánská project in Horní Měcholupy in Prague 15 has been approved for use by authorities. The company built the project using a system of prefabricated concrete elements.

The ZWIRN project in Bratislava is expanding at its last stage. YIT has launched the sale of the first part of apartments and suites of the final stage under the name ZWIRN 2.

Developer YIT has launched the construction and sale of the new Sija Kamýk project in Prague 12. The development of the project is revitalizing the former brownfield used as a building site and later as office buildings in the Praha-Kamýk district.

YIT is the new owner of the Kuta Centrum office complex in Prague 4. In the future, the complex, renamed YIT Office Centrum, should be transformed into a residential complex, the CEO of YIT told online daily newstream.cz.

In 1.5 years, 275 modular bathrooms have been installed in YIT apartments in the Czech Republic. The developer is expanding the use of prefabrication to other building elements. By incorporating this technology, the company plans to not only improve the quality of its residential projects but also speed up their implementation. At the same time, it expects to have less demand for labour, which is in short supply. In addition to bathrooms, the developer is now also using modular manufacturing for structural elements. The Czech branch of YIT is following in the footsteps of its parent company in Finland, which has been building in this way since the 1970s, YIT told the press.

YIT has completed the Koti Libeň residential project in Prague 8, which includes 140 apartments, two studios and one commercial space. The last apartment is currently available for purchase. YIT announced that new residents will be able to move in in the second quarter of this year.