Urbanisation increases demand for services and creates new jobs. Secured mobility of the workforce and increasing immigration require a broad and sufficient range of apartments that fulfil different needs. With its 25,000 apartments, SATO responds to the diverse wishes of people living in cities, while supporting the wellbeing of individuals and society. Our aim is to develop new housing concepts for changing needs.
The location of an apartment remains one of, if not the most important criteria for our customers. Location also has significant impact on the development of the value of apartments, and that is why we have allocated our housing assets to apartment sizes and areas showing growing demand in the long term. SATO homes are close to public transportation routes and services, which helps us to reduce the carbon footprint caused by our operations.
SATO RentHomes offer a solution to those who want a long-term home from a reliable lessor. Rental income from apartments and the development of the value of apartments are prerequisites for the profitability of our business operations.
In the largest cities of Finland, households of one or two people account for 70–80 per cent of all households. In recent years, the proportion of living costs from income has increased, which has strongly directed demand towards smaller apartments. Instead of space, people appreciate functional solutions, a balcony and high-quality surface materials. Of all SATO RentHomes, 70 per cent are 1 and 2 bedroom apartments.
The average size of SATO RentHomes is 56 m².
Our apartments are homes for our customers, and we want them to enjoy their homes. We take good care of the condition and cleanliness of buildings and outdoor areas. During regular maintenance visits, we inspect any need for maintenance in apartments, and the building manager coordinates all repairs performed in buildings. Our residents can also renovate their homes using SATO's Omatoimi (DIY) renovation kit, which includes optional materials and tools for a facelift.
The rent includes a fast broadband subscription.
|Number of properties||742||712|
|Total number of apartments||25,344||23,551|
|Floor area of apartments, m²||1,408,407||1,334,595|
|Average size of apartments, m²||55.6||56.7|
|Fair value of apartments, MEUR||3,383.2||2,752.9|
|Net rental income of apartments, MEUR||166.2||151.8|
|Increase during the reporting year, %||9.5||2.4|
|Net rental income of apartments, %||5.6||6.0|
In global work communities, shared projects set needs for the temporary relocations of employees from one country to another, requiring that an apartment is offered for the duration of the project. Getting a temporary apartment may also be difficult during changes in life changes. Our solution for temporary housing needs is SATO HotelHomes where the stay can range from a few days to several months. SATO HotelHomes offer home-like housing in stylishly furnished apartments, including a fully equipped kitchen and modern electronical appliances. Our service includes linen, cleaning and Wi-Fi.
We have 2 HotelHomes in Helsinki and 1 in Espoo. Our objective is to increase the number of HotelHomes.
179 SATO HotelHomes apartments in the Helsinki Metropolitan Area.
|Number of properties||3||3|
|Total number of apartments||179||179|
|Number of lease agreements||7,461||5,348|
|Average duration of lease agreements, days||8||9|