YIT is acquiring building rights in Helsinki, Turku and Hämeenlinna, Finland for a total of EUR 70 mln. The Finnish construction group announced on Thursday that it has signed letters of intent with the vendor, Finnish transport company, VR-Group.

YIT said the plots of land concern residential and commercial building rights for more than 100,000 m2 of floor area.

Separately, YIT announced the start of construction on the Ratinankaari office and commercial building project, worth approximately EUR 35 mln, in the Ratina area of Tampere city centre. The two office buildings, partly linked to each other, will have a total of 11,000 m2 of office premises. The first element of the project will be ready for occupancy in the winter of 2013.