SATO is a responsible lessor which is developing, effecting and building housing solutions and services of the future - well-being for our customers. SATO owns a total of roughly 26,800 rental apartments in Finland's largest growth centres and in St. Petersburg in Russia (after the latest review period SATO sold over 2,000 apartments in Hämeenlinna, Jyväskylä, Lahti, Oulu, Vihti and Ylöjärvi making the number of owned apartments approx. 25,000). SATO owns 522 rental apartments in St. Petersburg. The share of investments in Russia is limited to a maximum of 10 per cent of the Group’s housing assets. For the time being, SATO will refrain from making new investment decisions in Russia, and has not made any new investments there in the last 5 years. SATO does not trade with Russia.
We are increasing our range of apartments in the Helsinki Metropolitan Area, Tampere, and Turku, which are focal areas for internal migration.
Our aim is to offer a comprehensive range of rental apartments and services and an excellent customer experience. We develop diverse housing solutions for various housing needs, and provide our customers with benefits that make their lives easier and experiences.
The fair value of our investment property is roughly EUR 5.1 billion (31 March 2022).
Yearning for figures and graphs? Take a look at our Annual and Interim Reports »