Homes Will Always Be Needed
SATO is one of Finland’s leading corporate investors in housing. SATO owns a total of some 23,000 rentable homes in Finland’s largest centres of urban growth and St. Petersburg. Its investment assets have a fair value of over 1.7 billion euros.
SATO’s value creation is based on the trend in value of the investment properties and on rental business. Continuing demand for housing fosters stability for SATO’s business. Homes will always be needed.
The value of SATO’s annual new investments in the 21st century has averaged 110 million euros and its divestment of housing has averaged roughly 30 million euros. We develop our present housing portfolio by maintenance and repairs as well as investment and divestment. We devote 20-30 million euros a year to repairs and raising the quality standards of homes.
The importance of property development to investment business is significant and SATO maintains a building land inventory to facilitate the commissioning of rental and owner-occupied housing.
SATO operates in the long term, on a customer-driven basis and in a professional manner. SATO’s personnel is comprised of some 130 people skilled in the housing sector. Our organisation’s operations are focused on expanding the value of and managing the housing portfolio as well as handling renting, sales and customer relationships. Through partnerships we manage such aspects as property management and maintenance as well as some project and supporting operations.
SATO’s biggest shareholders are Finnish pension insurers and other insurance companies.
The Group’s turnover in 2010 was 192.9 million euros and its profit before taxes was 41.6 million euros. Operating profit was 74.7 million euros.
