The CapMan Nordic Real Estate III Fund invests in sustainable living by building two LEED Gold -level certified, energy class A, residential apartment buildings in the Pukkila neighbourhood of Turku, Finland, together with Finnish construction company Hartela. This will be CapMan Real Estate’s first EU Taxonomy aligned development project.

The buildings will offer its residents sustainably aligned rental living in the Pukkila neighbourhood of Turku. The construction is set to start in September 2022 with the intended completion of the first building in January 2024. The buildings will house 127 apartments ranging from studios to two-bedroom apartments.

The buildings will be fitted with geothermal heating and solar panels together with energy efficient air ventilation systems and water fixtures. The environmental effects of living have thus been minimized, extra energy is not wasted on heating and the housing footprint is small throughout the building’s lifecycle. The buildings will also use fossil free energy for its heating and electricity.

”We are very happy to be able to carry out a project of such high quality for Turku’s inhabitants. This is the first new-build in the history of CapMan Real Estate that implements EU Taxonomy aligned building practices. Ground source heating and solar panels installed on the roof will reduce the occupants’ carbon footprint while curbing energy costs. The buildings will have several amenities that increase living comfort, such as easy access to Turku city centre, recreation areas in the vicinity and a carsharing for the inhabitants”, shares Sampsa Apajalahti, Investment Director at CapMan Real Estate.

”At Hartela, we have made big investments in to sustainable development. I am happy to be carrying out this project together with CapMan Real Estate as we share similar targets when it comes to minimising the environmental impacts of housing. We strive to reduce energy consumption during occupancy, as energy consumption plays a significant role in life cycle emissions of buildings”, shares Veli-Matti Kankare, Planning Manager at Hartela Länsi-Suomi Oy.

Pukkila area residents will enjoy the excellent location close to Turku city centre, as they can reach the Turku market square by bike or foot in just moments. The Logomo centre of culture and arts, a shopping mall with versatile services as well as an idyllic small residential building area with parks and green areas is also in the vicinity. Once completed the apartment buildings will feature electric car charging stations and a car sharing service for the residents. The inhabitants will also be able to follow their water consumption through and app on their hone, enabling them to directly impact their water bills.