Sato Buys 150 Apartments

Finland Finland Sato has bought residential properties from Veritas Pension Insurance located in Espoo, Vantaa and Turku.

2017-09-28

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The apartments are in city-centre locations. Sato’s strategic policy is to increase the supply of rental homes in the Helsinki Metropolitan Area, Tampere and Turku and that way support urbanisation development.
 
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. Job creation primarily takes place in big cities, and the supply of housing in growing cities must be sufficient to enable the mobility of labour.

”The five buildings acquired are situated in Sato's growth areas, and their locations are a good match to our customers' requests. For example, the building in Turku is located right in the heart of the city and the ones in Vantaa in the Tikkurila and Myyrmäki districts, both of which are undergoing rapid development,” says Aarnio.
 
With this transaction included, Sato has acquired a total of 937 new rental homes this year through new construction, renovation and purchases. At the end of June, there were a total of 1,298 rental homes under construction.




Maria Olsson Äärlaht
maria@nordicpropertynews.com




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