SATO Corporation
Press launch 7 September 2022 at 1:45 pm
In addition to rental houses, SATO is growing 52 part-ownership FlexHomes in Hervantajärvi, Tampere, prepared for shifting in throughout December. SATO FlexHome is a safe housing various that’s extra flexible than a standard owner-occupied residence.
One of Finland’s largest rental housing suppliers, SATO is growing residential areas along with cities and every year commissions the development of round 1 000 new rental houses in city settings near good transport connections and facilities.
March 2013 will see the completion of 132 new non-subsidised SATO rental houses near the tram terminus at Heittoniitynkuja, Hervantajärvi, Tampere. Located on the identical grounds, the SATO FlexHomes will likely be prepared for shifting in throughout December 2022.
− Cities want quite a lot of housing options and SATO desires to take part in offering a variety of housing choices. In addition to new rental houses, we’re introducing our flexible short-term part-ownership mannequin – SATO FlexHome – in Tampere, says Miikka Karjaluoto, SATO Regional Director for the Tampere area.
− SATO FlexHome supplies you with flexible entry to a house with a small preliminary capital outlay: you solely pay 15% of the house worth. After 5 years of part ownership, you’ll be able to both buy the house in full or promote it again to SATO, Karjaluoto continues.
SATO FlexHome was developed in response to shopper wants. While residing in a FlexHome, you pay part-ownership lease that’s decrease than the market lease and allows you to, for instance, pay again your mortgage on the similar time.
SATO FlexHome is a safe possibility particularly now that these hoping to purchase a house are involved about financial insecurity and rising shopper costs and rates of interest.
− Many individuals wish to purchase a house however at the moment can not or dare not take out a big residence mortgage. SATO FlexHome is a housing idea that gives extra flexibility than an owner-occupied residence when life conditions change, says Arto Aalto, Vice President, Investment at SATO.
Sustainable decisions and modifiability taken into consideration at Heittoniitynkuja
The design of the Heittoniitynkuja buildings caters for power effectivity and sustainable constructing options that can final for many years to return. The warmth supply for the buildings is geothermal warmth, which makes use of thermal power saved in the bottom.
Sustainability can be taken into consideration in mobility. There is roofed and lockable storage for bicycles. Car parking areas could be discovered in an indoor parking facility situated in the identical block in addition to on the grounds of the property. All parking areas will likely be put in with infrastructure in readiness for electrical automobile charging and there are additionally plans to make shared vehicles out there to the residents of the block.
Every residence will characteristic a glassed-in balcony and among the floor flooring models will even have a terrace. More than half of the FlexHomes from studios to bigger household houses may have alcoves enabling flexible use of house and quite a lot of inside decor options. For instance, an alcove could be changed into a workspace, a sleeping nook or a play space.
− We need to present our residents with quite a lot of housing options. Alcoves deliver added flexibility and modifiability to those houses additionally when, for instance, individuals’s life conditions change, Karjaluoto continues.
FACTS
What is SATO FlexHome?
FlexHome is SATO’s part-ownership idea. SATO FlexHome presents a housing kind that’s extra flexible than an owner-occupied residence when, for instance, life conditions change.
- SATO FlexHome is a short-term part-ownership mannequin the place you will get entry to a house by paying 15% of the house worth. After that, you pay a part-ownership lease that’s decrease than the market lease, enabling you to make your potential mortgage repayments on the similar time.
- You can then purchase the FlexHome in full after the five-year part-ownership interval. Alternatively, you’ll be able to promote the house again to SATO and nonetheless proceed residing in the house as a SATO tenant. SATO undertakes to purchase your share again on the unique worth, much less 1% per every year of residence.
- SATO FlexHome is a safe possibility particularly now that these hoping to purchase a house are involved about financial insecurity and will increase in shopper costs and rates of interest.
- The first SATO FlexHomes have been accomplished in summer season 2020 in Tali, Helsinki. The FlexHomes in Hervantajärvi, Tampere, will likely be accomplished in December 2022. SATO FlexHomes are additionally deliberate for places together with Kauklahti, Espoo, and Oulunkylä, Viikki, Myllypuro and Laajasalo, Helsinki.
- Read extra: https://www.sato.fi/en/flexhome
About the Hervantajärvi space
Hervantajärvi is situated 12 km from the centre of Tampere and round 2 km from the Hervanta district. The quickly growing space options an city park in the center of the residential blocks, and your complete residential space is surrounded by a large forested leisure space that gives fabulous alternatives for outside pursuits.
For media enquiries, please contact:
SATO Corporation, Miikka Karjaluoto, Regional Director Tampere,
telephone +358 40 583 0385, [email protected]
SATO Corporation, Arto Aalto, Vice President, Investments
telephone +358 40 513 0702, [email protected]
SATO Corporation is an skilled in sustainable rental housing and one in every of Finland’s largest rental housing suppliers. SATO owns round 25,000 rental houses in the Helsinki Metropolitan Area, Tampere and Turku.
SATO goals to offer a wonderful buyer expertise and a complete vary of city rental housing options with good entry to public transport and companies. We promote sustainable growth and work in open interplay with our stakeholders. SATO invests profitably, sustainably and with a long-term view. We enhance the worth of our property via investments, divestments and repairs.
In 2021, SATO Group’s web gross sales totalled EUR 298.3 million, working revenue EUR 304.5 million and revenue earlier than taxes EUR 259.4 million. The worth of SATO’s funding properties is round EUR 5 billion. www.sato.fi
