As cities and their populations grow, housing needs also become more varied. It is easiest to respond to new housing requests when designing new apartments and planning repairs. At the same time, we can improve the energy consumption of buildings.
SATO builds its SATO RentHomes or acquires new apartments from contractors. When we decide to build new buildings, we assess which apartments are suitable for rental activities and which will be sold off as owner-occupied homes.
On the first half of 2020 there were 608 rental apartments completed, and 99 owner-occupied apartments. On 30 June 2020 there were 410 rental apartments and 57 owner-occupied apartments under construction.
By steering the design of SATO RentHomes, we can utilise our decades of knowledge of the apartment types our customers want to live in, and of the maintenance of the value and usability of apartments over time. We provide architects and engineers with guidelines that indicate our objectives and the support of our interior designers.
In the cities where SATO operates, there is mainly demand for smaller apartments. The building materials we use are durable and easy to care for. Factors that support living comfort improve attractiveness. These include glazed balconies, pleasant materials, colours matching the spirit of the building and functional apartments.
SATO renovates its rental apartments and properties according to lifecycle principles and to improve comfort of living. We invested a total of roughly EUR 33.8 million in the repair of apartments and properties (H1/2020).
In its agreement signed with the European Investment Bank, SATO is committed to the construction of new nearly zero-energy buildings and repairs to improve the energy efficiency of the Group's current rental apartments during the next few years. The value of the investments covered by the agreement totals EUR 300 million.
To help the planning of repairs that improve energy efficiency, we have developed an indicator which measures the energy efficiency of each property.