GlobeNewswire by notified

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, 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

addressnumber of rentalapartmentsmove-in ready
Espoo, Vermonniitty, Runoratsunkatu 15135February 2023
Tampere, Hervantajärvi, Heittoniitynkuja 5132March 2023
Helsinki, Veräjämäki, Jokiniementie 48*118April 2023
Helsinki, Veräjämäki Jokiniementie 46*104June 2023
Vantaa, Keimolanmäki, Lincolninaukio 4*159June 2023
Vantaa, Hakunila, Raudikkokuja 7A ja B161July 2023
Turku, Skanssi, Sorakatu 977November 2023
Espoo, Karakallio, Kotkatie 6*100December 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

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:

addressnumber of rentalapartmentsmove-in ready
Helsinki, Etelä-Haaga, Ansaritie 130January 2023
Helsinki, Pitäjänmäki, Piispantie 542March 2023
Helsinki, Etelä-Haaga, Ansaritie 330June 2023
Helsinki, Kallio, Castréninkatu 390June 2023
Helsinki, Etu-Töölö, Mechelininkatu 12−14105August 2023
Vantaa, Martinlaakso, Raiviosuonmäki 384August 2023
Helsinki, Pohjois-Haaga, Näyttelijäntie 24112October 2023
Helsinki, Etelä-Haaga, Ansaritie 2-445December 2023

For more information about the new and renovated rental homes coming up, visit:

For media enquiries, please contact:

SATO Corporation, Arto Aalto, Vice President, Investments
phone +358 40 513 0702,

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

To view this piece of content from, please give your consent at the top of this page.
To view this piece of content from, please give your consent at the top of this page.

About GlobeNewswire by notified

GlobeNewswire by notified
GlobeNewswire by notified
One Liberty Plaza - 165 Broadway
NY 10006 New York

GlobeNewswire by notified is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Subscribe to releases from GlobeNewswire by notified

Subscribe to all the latest releases from GlobeNewswire by notified by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from GlobeNewswire by notified

FootballCoin Announces World Cup-Inspired Fantasy Football Contests3.12.2022 20:31:15 CET | Press release

The Fantasy Football World Cup 2022 is finally here. LONDON, Dec. 03, 2022 (GLOBE NEWSWIRE) -- FootballCoin, a blockchain-powered fantasy football game, has announced the launch of the Fantasy Football World Cup 2022. The World Cup-inspired contests provide players with the opportunity to collect all of the player NFTs available in-game, as well as earn crypto prizes. Established in 2017, FootballCoin was built using blockchain technology. Today, it has blossomed to become one of the oldest play-to-earn games in the crypto space. An entirely free-to-play game, FootballCoin features cryptocurrency prizes that can be won and converted into real money. However, this game does not involve gambling of any kind. Instead, players are challenged to leverage their football knowledge in order to win prizes such as collectible player cards that live on the blockchain, unique NFTs that can be used to enhance a user's fantasy football squad, and other daily prizes. FootballCoin will host World Cup

Major shareholder notification – Norges Bank3.12.2022 14:45:28 CET | Press release

GN Store Nord A/S hereby announces that on December 2, 2022, pursuant to Section 38(1) and Section 39(1) of the Danish Capital Markets Act, it received a notification from Norges Bank stating that on December 1, 2022 Norges Bank decreased its aggregate holding of shares and financial instruments, cf. Section 38(1) and Section 39(2)(1) of the Danish Capital Markets Act, to under 5% of the share capital and voting rights in GN Store Nord A/S. For further information, please contact: Investors and analysts Anne Sofie Staunsbæk Veyhe Vice President – Investor Relations, Treasury & M&A Tel: +45 45 75 85 06 or Rune Sandager Senior Director – Investor Relations Tel: +45 45 75 92 57 Press and the media Steen Frentz Laursen Vice President, Corporate Communications Tel: +45 20 65 34 20 About GN GN facilitates communication between people through intelligent hearing, audio, video, and gaming technology. Inspired by people and driven by our passion for innovation, we leverage technologies to deliv

Brookfield Announces Reset Dividend Rate on Its Series 30 and Series 48 Preference Shares3.12.2022 03:45:00 CET | Press release

All amounts in Canadian dollars unless otherwise stated. BROOKFIELD, NEWS, Dec. 02, 2022 (GLOBE NEWSWIRE) -- Brookfield (NYSE: BAM, TSX: BAM.A) today announced that it has determined the fixed dividend rate on its Cumulative Class A Preference Shares, Series 30 (“Series 30 Shares”) (TSX: BAM.PR.Z) for the five years commencing January 1, 2023 and ending December 31, 2027, and also determined the fixed dividend on its Cumulative Class A Preference Shares, Series 48 (“Series 48 Shares”) (TSX: BAM.PF.J) for the five years commencing January 1, 2023 and ending December 31, 2027. As previously disclosed, the Series 30 Shares and Series 48 Shares are expected to commence trading on the TSX under the updated symbols “BN.PR.Z” and “BN.PF.J”, respectively, on December 12, 2022. Series 30 Shares and Series 31 Shares If declared, the fixed quarterly dividends on the Series 30 Shares during the five years commencing January 1, 2023 will be paid at an annual rate of 6.089% ($0.3805625 per share per

EverWind selects Black & Veatch for Front-end Engineering Design of First Green Hydrogen Hub in Nova Scotia2.12.2022 20:23:30 CET | Press release

HALIFAX, Nova Scotia, Dec. 02, 2022 (GLOBE NEWSWIRE) -- EverWind Fuels Company ("EverWind") today announces it has selected Black & Veatch to provide front-end engineering design (FEED) services for its green hydrogen and ammonia production and storage facility in Point Tupper, Nova Scotia, with initial commercial operations planned for 2025. EverWind is a private developer of green hydrogen and ammonia production and storage sites, and global engineering and construction company Black & Veatch is a green energy solutions leader. In its first phase, the facility will produce green hydrogen and green ammonia through electrolysis using certified green power from the Nova Scotia Power transmission system; onshore wind generation will power production in a second phase. In future phases, EverWind will use offshore wind power to produce hydrogen through electrolysis, unlocking Nova Scotia’s offshore wind capabilities. The first two phases will produce a combined 1 million tonnes per annum o

Information on the Total Number of Voting Rights (Denominator) following Conversion Notice from NEGMA2.12.2022 19:00:00 CET | Press release

Negma Group has converted 322convertible bonds in Oxurion resulting in a EUR 805,000capital increase. This is part of Negma Group’s EUR 30 million Capital Commitment1 that will allow Oxurion to focus on progressing its novel and differentiated back of the eye drug candidate targeting potential market opportunities of over USD 5billion. Leuven, BELGIUM,Boston, MA, US–December2, 2022– 07.00 PM CET – In accordance with article 15 of the Belgian Act of May 2, 2007 on the disclosure of major participations in issuers of which shares are admitted to trading on a regulated market and regarding miscellaneous provisions, Oxurion NV (Euronext Brussels: OXUR) (the “Company” or “Oxurion”), announces the below information, following (i) the issuance of 63,550,419 new ordinary shares on November 28, 2022, for a total amount of EUR 605,000, as the result of the conversion of 242 class B convertible bonds, and (ii) the issuance of 21,008,403 new ordinary shares on November 30, 2022, for a total amount