Helsinki-listed developer YIT is to start work on a 17-storey, 550-apartment residential block in Moscow Oblast.

Helsinki-listed developer YIT is to start work on a 17-storey, 550-apartment residential block in Moscow Oblast.

The block, called Park, is in Krasnogorsk City, near the Moscow ring road and is due to be finished in late 2016. The development costs have been put at €60 mln.

The apartments will range from studios to four-bed flats and will have a total living area of around 24,000 m2.