Newly completed SATO part-ownership homes are a flexible form of housing
SATO Corporation, Press release 8 July 2020 at 09:00One of Finland’s leading rental housing providers, SATO has launched a new housing solution where you can enter home ownership over five years with a smaller initial capital outlay. The first SATO FlexHomes were completed in Helsinki’s Tali district in June.
SATO’s aim is to diversify housing solutions. The FlexHome is seen by SATO not only as a way of responding to consumer needs but also as a significant contribution towards the construction of diverse neighbourhoods. − Many people would like to buy a home but currently cannot or dare not take out a large home loan. We wanted to offer a new form of housing that can respond more flexibly to changes in life situations than owner-occupied housing, says SATO Executive Vice President for Investment Antti Aarnio. − FlexHomes are a contribution towards the construction of diverse neighbourhoods. Helsinki’s Tali district is a good example of this as it already features rental as well as owner-occupied homes and will now gain the added option of part-ownership housing, Aarnio adds.As its name implies, SATO FlexHome is a concept developed to provide flexibility when life situations change. You only need a small initial capital outlay to access the home and then pay a part-ownership rent that is lower than the market rent, enabling you to make your possible loan repayments at the same time. The rental period – five years – is shorter than in traditional part-ownership models. After that you can decide whether or not to buy the apartment in full at the original price. Alternatively, you can sell the apartment back to SATO and still continue living in the apartment as a SATO tenant.
For more information please contact:SATO Corporation, Antti Aarnio, Executive Vice President, Investments
antti.aarnio@sato.fi, phone: +358 40 164 7052SATO is one of Finland’s leading rental housing providers. SATO aims to offer a comprehensive choice of rental housing and an excellent customer experience. At year-end 2019, SATO owned over 26 000 apartments in Finland’s largest growth centres and in St Petersburg.We promote sustainable development and initiative through our operations and work in open interaction with our stakeholders to generate added value. We operate profitably and with a long-term view. We increase the value of our housing stock through investments, divestments and repairs.SATO Group’s net sales in 2019 were EUR 296 million, operating profit EUR 726 million and profit before taxes EUR 671 million. The value of SATO’s investment assets is roughly EUR 4,7 billion.
SATO’s aim is to diversify housing solutions. The FlexHome is seen by SATO not only as a way of responding to consumer needs but also as a significant contribution towards the construction of diverse neighbourhoods. − Many people would like to buy a home but currently cannot or dare not take out a large home loan. We wanted to offer a new form of housing that can respond more flexibly to changes in life situations than owner-occupied housing, says SATO Executive Vice President for Investment Antti Aarnio. − FlexHomes are a contribution towards the construction of diverse neighbourhoods. Helsinki’s Tali district is a good example of this as it already features rental as well as owner-occupied homes and will now gain the added option of part-ownership housing, Aarnio adds.As its name implies, SATO FlexHome is a concept developed to provide flexibility when life situations change. You only need a small initial capital outlay to access the home and then pay a part-ownership rent that is lower than the market rent, enabling you to make your possible loan repayments at the same time. The rental period – five years – is shorter than in traditional part-ownership models. After that you can decide whether or not to buy the apartment in full at the original price. Alternatively, you can sell the apartment back to SATO and still continue living in the apartment as a SATO tenant. For more information please contact:SATO Corporation, Antti Aarnio, Executive Vice President, Investments
antti.aarnio@sato.fi, phone: +358 40 164 7052SATO is one of Finland’s leading rental housing providers. SATO aims to offer a comprehensive choice of rental housing and an excellent customer experience. At year-end 2019, SATO owned over 26 000 apartments in Finland’s largest growth centres and in St Petersburg.We promote sustainable development and initiative through our operations and work in open interaction with our stakeholders to generate added value. We operate profitably and with a long-term view. We increase the value of our housing stock through investments, divestments and repairs.SATO Group’s net sales in 2019 were EUR 296 million, operating profit EUR 726 million and profit before taxes EUR 671 million. The value of SATO’s investment assets is roughly EUR 4,7 billion.
