YIT: RSJ Investments entering Vesi Hostivař project

(ČIA) YIT has entered into a partnership with the RSJ investment group to finance the implementation of its Vesi Hostivař residential project. YIT general manager Marek Lokaj said that so far the developer has financed all projects from its own resources. It will now also use project financing in some cases. He added that this will free up capital for further investments so that the portfolio can be expanded with new acquisitions. The Vesi Hostivař complex is being built on a brownfield by the Hostivař dam in Prague. It includes 208 units with layouts from 1+kk to 4+kk. So-called green concrete, ie concrete from recycled aggregates, will be used during construction.



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