Finnish construction group YIT has sold five rental housing projects to Icecapital Housing Fund II for EUR 36.6 mln. The projects contain 296 apartments in all and are located in different parts of Finland - Nurmijärvi, Mäntsälä, Lahti, Jyväskylä and Kuopio. Building work has commenced and the projects will be completed in stages by summer 2011. YIT said the projects have been financed with interest subsidy loans for a period of 10 years.
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