Following the completion of the investments, Sato will have near to 1,200 rental homes in Turku, with 63 of these under construction.
Matti Keitilä, Director, Turku Region, Sato:
“Demand for rental homes in Turku has remained at a good level for a long time. Turku is a university city and has an economic structure providing a relatively high rate of employment. The homes bought from the University Foundation are located in the sought-after Tervatori residential area close to the university, while the building acquired from NCC will be constructed less than four kilometres from the centre of Turku in the immediate vicinity of the Länsikeskus shops and services.”
Region Manager Marjo Jaakkola from NCC:
“We’re happy about our continued cooperation with Sato. NCC will focus on diverse housing production and good partnerships in the future too.”
Sato Purchases in Turku
Finland — Sato has bought 77 rental homes in the centre of Turku from the Turku University Foundation and 54 rental homes to be completed in the Länsikeskus area in late summer 2016 from NCC. The investments amounts to approximately €20 M.
Nicklas Tollesson[email protected]