YIT signs construction agreements with XTX Markets for two Kajaani data centres

"Castrén & Snellman advised YIT on two construction agreements with XTX Markets for development of two data centres in Kajaani. The first, ~EUR 100 million, was signed in December 2024 to start the first facility; a second agreement was signed in August 2025 to begin construction of a second facility, covering shell and core delivery."

Castrén & Snellman advised the urban developer and construction company YIT in connection with two construction agreements with algorithmic trading firm XTX Markets. The first agreement, valued at approximately EUR 100 million and signed in December 2024, marked the commencement of construction of the initial data centre facility in Kajaani and established the location as a strategic hub for high-performance computing infrastructure. Building on that collaboration, YIT and XTX Markets entered into a second agreement in August 2025 to commence construction of a second data centre facility. This phase includes the delivery of the shell and core of the new building. Castrén & Snellman represented client YIT with a team composed by: Jerker Pitkänen, Jaakko Honkala, Lauri Aine.

YIT signs construction agreements with XTX Markets for two Kajaani data centres

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