Helsinki, Finland, 2015-08-12 10:54 CEST (GLOBE NEWSWIRE) -- SATO Corporation, Press release, 12.8.2015, 11:54
SATO has developed a new-generation housing solution in response to the need for affordable housing in the Helsinki Metropolitan Area. The model home was presented at the Vantaa Housing Fair, which ended on Sunday.
Of the total of 13,000 fair visitors providing feedback about the model home, 96% found there is a need for this new housing solution in the Helsinki Metropolitan Area. Many of the respondents representing a variety of age groups reported that they could select SATO StudioHome as their home.
Designed for new-build properties, SATO StudioHomes are spacious studio apartments with high functionality and tailored fixtures, fittings and decor solutions. The homes also feature convenient sleeping lofts and balconies for added comfort. With impressive ceiling heights of almost 4 m, these are modern homes in apartment blocks with an affordable rent. The StudioHome buildings will also feature pleasant common lounge areas and a sauna section with a rooftop terrace.
Investment Manager Miikka Karjaluoto:
- It was a pleasure to present the concept to a large number of visitors interested in housing. Our showcase home attracted all age groups and a variety of professions. Authorities and decision-makers were also interested in seeing how good design can make a home with a small floor area highly functional and comfortable.
- The popularity of the model home was a positive surprise, and the comments we received on it gave us further confidence in the feasibility of the concept.
The pilot property for the concept is planned for Raikukuja street in Martinlaakso, Vantaa.
For more information please contact:
Miikka Karjaluoto, Investment Manager, phone +358 40 583 0385
SATO is one of Finland's leading corporate investors in housing. SATO’s aim is to offer comprehensive alternatives in rental housing and an excellent customer experience. All told, SATO holds roughly 24,400 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 2014 were €312.3 million, operating profit €191.3 million and profit before taxes €152.2 million. SATO's investment properties have a value of roughly €2.7 billion.
