Around 1,000 new and 500 renovated SATO rental homes coming up next year

SATO Corporation
Press release 21 November 2022 at 11:00 am


To view this piece of content from ml-eu.globenewswire.com, please give your consent at the top of this page.
Photo:Runoratsunkatu 15, Espoo

Almost a thousand new and 500 renovated SATO rental homes will be completed in 2023. In addition to the Helsinki Metropolitan Area, new rental homes will be completed in Tampere and Turku.

SATO acquires and builds SATO-owned rental homes and participates in cooperation with cities in the development of entire residential areas. SATO is one of Finland’s largest rental housing providers and owns around 25,000 rental homes with good access to public transport and services in the Helsinki Metropolitan Area, Turku and Tampere commuter areas.

SATO is currently constructing a number of new properties and also implementing several renovation projects.

“Next year will see the completion of a total of around a thousand new and around 500 renovated rental homes,” says Arto Aalto, Vice President, Investments, at SATO.

In line with SATO’s strategy, all of the new rental homes are located in growth centres with access to good transport connections and services – in areas where there is demand for new homes.

The new rental homes to be completed in 2023

address	number of rentalapartments	move-in ready
Espoo, Vermonniitty, Runoratsunkatu 15	135	February 2023
Tampere, Hervantajärvi, Heittoniitynkuja 5	132	March 2023
Helsinki, Veräjämäki, Jokiniementie 48*	118	April 2023
Helsinki, Veräjämäki Jokiniementie 46*	104	June 2023
Vantaa, Keimolanmäki, Lincolninaukio 4*	159	June 2023
Vantaa, Hakunila, Raudikkokuja 7A ja B	161	July 2023
Turku, Skanssi, Sorakatu 9	77	November 2023
Espoo, Karakallio, Kotkatie 6*	100	December 2023

*The property is on SATO’s Ostavastuullisesti list of homes ranked by an independent sustainability panel to be an above-average choice in terms sustainability. In these energy class A buildings, special attention has been paid to energy efficiency. They have geothermal heating and their design caters for ease of use and maintenance as well as adaptability. For more information, visit https://www.ostavastuullisesti.fi/tuote-osasto/asuminen/asunnot/.

Renovation of 500 rental homes to be completed in Helsinki

SATO renovates SATO-owned rental homes and buildings in accordance with lifecycle principles. Every year sees the completion of the renovation of hundreds of homes.

Last year, a total of EUR 93.6 million was spent on repairing apartments and improving their quality, with repair investments accounting for EUR 75.9 million of the total.

Next year, the renovation of the following SATO-owned rental home buildings will be completed:

address	number of rentalapartments	move-in ready
Helsinki, Etelä-Haaga, Ansaritie 1	30	January 2023
Helsinki, Pitäjänmäki, Piispantie 5	42	March 2023
Helsinki, Etelä-Haaga, Ansaritie 3	30	June 2023
Helsinki, Kallio, Castréninkatu 3	90	June 2023
Helsinki, Etu-Töölö, Mechelininkatu 12−14	105	August 2023
Vantaa, Martinlaakso, Raiviosuonmäki 3	84	August 2023
Helsinki, Pohjois-Haaga, Näyttelijäntie 24	112	October 2023
Helsinki, Etelä-Haaga, Ansaritie 2-4	45	December 2023

For more information about the new and renovated rental homes coming up, visit: https://www.sato.fi/en/upcoming

For media enquiries, please contact:

SATO Corporation, Arto Aalto, Vice President, Investments
phone +358 40 513 0702, arto.aalto@sato.fi

SATO Corporation is an expert in sustainable rental housing and one of Finland’s largest rental housing providers. SATO owns around 25,000 rental homes in the Helsinki Metropolitan Area, Tampere and Turku.

SATO aims to provide an excellent customer experience and a comprehensive range of urban rental housing alternatives with good access to public transport and services. We promote sustainable development and work in open interaction with our stakeholders. SATO invests profitably, sustainably and with a long-term view. We increase the value of our assets through investments, divestments and repairs.

In 2021, SATO Group’s net sales totalled EUR 298.3 million, operating profit EUR 304.5 million and profit before taxes EUR 259.4 million. The value of SATO’s investment properties is around EUR 5 billion.www.sato.fi

To view this piece of content from www.globenewswire.com, please give your consent at the top of this page.
To view this piece of content from ml-eu.globenewswire.com, please give your consent at the top of this page.