Sato in Residential Project in Jätkäsaari

Finland Finland Construction of Sato's 75th anniversary project in Atlantinkatu street, Jätkäsaari, Helsinki, has been launched. The property will have 147 non-subsidised rental homes and 32 family-sized Hitas owner-occupied homes.

2018-05-23

Share via e-mail

Sato creates 179 new homes. Image: Sato
Sato creates 179 new homes.

Due for completion in spring 2020, the rental apartments will range from various sizes of studios and one-bedroom apartments to family homes. The property will also feature a small business unit.  

“Jätkäsaari is a developing district with a very high appeal among prospective residents. We're happy to be able to offer a large number of rental homes in an excellent location once the property is completed. Sato is continuing its growth in its main operating areas, and our aim is to offer new rental homes close to good public transport links and diverse services,” says Antti Aarnio, Vice President, Investments, from Sato. 
 
“The City of Helsinki made determined efforts to facilitate progress in the project and helped ensure increased and diverse supply of homes in the Jätkäsaari district,” Aarnio continues.
 
The building will be tall and visible as a landmark in the area. A City of Helsinki service centre will also be available close to the property. The contractor for the property is Fira Oy.
 
“It's great to be involved in the implementation of Sato's 75thanniversary project. We've partnered with Sato in other projects as well and this complements our previous cooperation very nicely. The project is also a continuation to Fira's strong presence in Jätkäsaari where Fira continues to create a smart residential environment,” says Fira CEO Topi Laine. 




Maria Olsson Äärlaht
maria@nordicpropertynews.com




YIT and Are to Build Metro Station in Espoo

Finland Finland A consortium formed by YIT, Are and Länsimetro Oy have signed an agreement on the construction of the Soukka station on the West Metro line in Espoo. The value of the contract is approximately EUR 50M, whereof YIT’s share is approximately EUR 35M.


Fund Acquires Eight New Nursing Homes

Finland Finland Evli Fund Management Company's Evli Healthcare I Ky fund has signed a contract to buy eight new Finnish nursing homes under construction.

Skanska Builds Multi-Purpose Building at the University of Turku Campus

Finland Finland Skanska has signed a contract with The University Properties of Finland to build a new multi-purpose building in the campus area of Åbo Akademi University and the University of Turku in Turku, Finland. The contract is worth EUR 69M.

YIT in Several Apartment Building Projects

Finland Finland YIT has started several apartment building projects during April and May. The largest of the started projects include Helsingin Pikkutylli, Kauniaisten Kreivi and Vantaan Koukku, among others, with value of approximately EUR 50M in total.

Avara and Lehto Signs Deal for Housing

Finland Finland Avara and Lehto Asunnot Oy have signed a framework agreement concerning a housing portfolio which includes construction of 340 apartments in five cities around Finland. Avara acquires portfolio for Avara Asuinkiinteistörahasto I Ky -PE fund.


Regenero Finances Development Projects in Keilaniemi

Finland Finland Keilaniemen kiinteistökehitys Oy, a wholly owned subsidiary of Regenero, issued a senior secured bond of EUR 100M on May 31th. The bond matures in May 2021 and carries a coupon of 4.000 percent per annum. The bond issue is the first large real estate development bond in Finland.

Sponda Creates New Office and Retail Complex in Tampere

Finland Finland Property investment company Sponda Plc will develop an office and retail complex in Ratina, Tampere, with connection to Ratina shopping centre. The main tenant of the complex will be Elisa Oyj.

Sato Builds New Homes in Helsinki

Finland Finland The construction of Sato's 75th anniversary project in Atlantinkatu street, Jätkäsaari, Helsinki, has been launched.

Round Hill Acquires First Finnish Residential Portfolio

Finland Finland Round Hill Capital acquires a residential portfolio in Finland, comprising 3,263 units from Avant Capital Partners.

SRV to Construct Learning Centre in Kirkkonummi

Finland Finland The Municipality of Kirkkonummi has chosen SRV to construct the Jokirinne Learning Centre in the Vesitorninmäki district of Kirkkonummi. SRV will take end-to-end responsibility for the project, which is worth a total of about EUR 40M.