Construction to kick off on first SATO StudioHomes
21 June 2016
SATO Corporation, Press Release, 21st June 2016 at 12:50 pm
Innovative service concept showcased in Martinlaakso, Vantaa
SATO StudioHomes represent our response to the intense demand for affordable housing in the Helsinki region. Construction on the first SAT StudioHome building will kick off in August in the Martinlaakso district of Vantaa.
Slated for completion in late 2017, the building will consist of 68 bright and airy compact homes featuring a small balcony, large windows and a diverse set of smart storage solutions. Each SATO StudioHome will have an area of 15.5 + 6 (sleeping loft) square metres and the homes at the pilot building will rent at €500/month.
Besides functionality, the SATO StudioHome concept also highlights the importance of communal areas. The ground floor of the building will feature a comfortable common room and laundry room for all residents while on the top floor, residents will have access to a sauna section, fireplace lounge and terrace.
Investment Manager Miikka Karjaluoto from SATO:
"I am really pleased that after the extended planning and preparation phase, we are now moving ahead into the construction phase on the first SATO StudioHome building. The interest expressed in our project and the debate it has sparked regarding the need to discover affordable housing solutions has been truly inspiring.
"The buzz generated by the SATO StudioHome has encouraged us to take the concept further also in respect of housing-related services. We are looking to include our future residents in brainstorming ideas for the optimal StudioHome lifestyle.
"Based on the interest and enquiries made, the StudioHome residents will come from a broad age spectrum, which should make for a broad range of activities in the building's communal areas."
The SATO StudioHomes will become available for rental only closer to the building's completion. The new services will be unveiled already this coming autumn, however.
Read more about SATO StudioHomes: www.sato.fi/studiohome
For more information please contact:
Miikka Karjaluoto, Investment Manager, p. +358 201 34 4068 and +358 40 583 0385
SATO is one of Finland's leading rental housing providers. SATO's aim is to offer comprehensive alternatives in rental housing and an excellent customer experience. All told, SATO holds roughly 23,400 rental homes in Finland's largest growth centres and in St Petersburg.
In our operations, we promote sustainable development and initiative-taking, and work in open interaction with our stakeholders to create added value. We operate profitably and with a long-term view. We increase the value of our housing property through investments, divestments and repair work.
SATO Group's net sales in 2015 were €323.4 million, operating profit €196.5 million and profit before taxes €159.4 million. SATO's investment properties have a value of roughly €2.8 billion.