Sato to Construct New Apartments in Vantaa

Finland Finland Sato will construct new rental apartments in the Martinlaakso district of Vantaa. Two buildings located on a Sato-owned site that were constructed in the 1970’s will be demolished and replaced with three times as many new homes.

2017-09-14

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According to Sato Vice President for Investments Antti Aarnio, succeeding in the urbanisation development is a cornerstone for Finland’s economic success and creation of new jobs.
 
With land use planning allowing consumer-driven housing distribution, we’re getting closer to housing suitable for a variety of wallets compared with a situation where we would have renovated these old buildings. Sato’s offering of rental apartments will now increase from 94 to 288 on the Raiviosuonmäki site,” says Antti Aarnio, and adds:

”In addition to increasing the number of rental apartments, the demolition of the old buildings will also generate quality and energy-efficiency benefits. The new apartments will respond better to current demand for rental homes in terms of their functionality and floor plans.”
 
The demolition of the Raiviosuonmäki buildings is currently underway, and construction will begin in November. One of the new buildings will be completed in March 2019 and the other in October 2019. 




Maria Olsson Äärlaht
maria@nordicpropertynews.com




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