Changing retail business Juha Kostiainen Aalto, Urban Laboratory II February 10, 2016 yitgroup.com

YIT | Main trends in urban development across Europe Creating more compact cities Infilling Brown-field development Combining housing, jobs and services => mixed use Improving public transportation, focus on trams and metros

YIT | 3 | Capital Markets Day, September 2015 Trends in Finnish retail business On-line shopping is increasing, difficult to anticipate coming volumes Big-boxes are moving to citycenters especially in Helsinki (XXL, Expert, Gigantti etc.) Main retailers are focusing more smaller shops near customers than out of structure hypermarkets Much development activities related to shopping centres (Tripla, Redi, Sponda in Tampere etc.) Lauttis

YIT | 4 | Capital Markets Day, September 2015 Traditional shopping and valued housing area in the heart of Lauttasaari

YIT | 5 | Capital Markets Day, September 2015 Lauttis – shopping center and housing just above the metro station Estimated 20,000 daily metro users Total 136 apartments Apartment size range 26 – 120 sq. m. About 6,000 sq. m of retail space for tenants Anchor tenants two supermarkets and Alko Other confirmed tenants include Restaurants and cafés Local service and shopping facilities Three housing companies

YIT | 6 | Central Pasila today

YIT | 7 | Central Pasila in the future

YIT | 8 | Tripla’s gross floor area is 350,000 m 2. This is equal to football pitches.

YIT | 9 | Tripla offers 5,000 jobs. Tripla has 400–500 new homes. Tripla has 400 hotel rooms. Tripla has over 50,000 m 2 of office space.

YIT | 10 | Mall of Tripla has 100,000 m 2 of commercial space, of which over 70,000 m 2 will be let to some 200 stores

YIT | 11 | The shops and services of the shopping centre will benefit from the heavy commuter flows travelling through the station Tripla links the Pasila station seamlessly with the new commercial centre

YIT | 12 | Capital Markets Day, September 2015 Retail premises in brick and mortar Typically required in detailed plan Aim to make street space more livable and offer nearby services Cause much challenges to developers Diffucult to sell entrenepreurs, tenants can be found; no interest among investors Relation of consuming behavior and transport connections not always understood Espoo, Ulappatori