The homes are located in Lohja, Jyväskylä, Oulu and Rovaniemi, Finland. The selling price was verified by the authorities.
Sato aims to increase the supply of rental apartments in the areas where the biggest demand exists – the focus is on the Helsinki Metropolitan Area.
Vice President Tuula Entelä from Sato:
- The demand for rental apartments continues to increase, and we refine our actions accordingly. We invest strongly on rental homes, approximately € 200 M yearly, and the majority of those apartments are newly built. The majority of our rental apartments are located in the Helsinki Metropolitan Area.
- We carry out divestments on apartments that, in the long run, do not match the demand of rental homes on the areas we have chosen to operate in. The important thing for us is that the residents can continue their tenancies with a good new landlord.
Sato sells 268 homes to Municipal Housing
Finland — Sato Corporation, one of Finland’s leading rental housing providers, has sold 268 State-subsidised rental homes to Kunta-aravat Oy of Municipal Housing.
Nicklas Tollesson[email protected]