REFILE-YIT, BPT agree Moscow real estate partnership

HELSINKI, (Reuters) - Finnish builder YIT (YTY1V.HE) said on Wednesday it would partner with real-estate asset manager BPT to better compete in the key Russian market.

The companies will focus on commercial real estate projects in Moscow and the surrounding region, notably in the retail and office segments, YIT said in a statement.

The partnership agreement carries no pre-agreed financial commitments, it said.