SATO Oyj
SATO to construct new high-class rental homes in Etu-Töölö, Helsinki
DGAP-News: SATO Oyj 2015-02-10 / 06:42 --------------------------------------------------------------------- Helsinki, Finland, 2015-02-10 06:42 CET (GLOBE NEWSWIRE) -- SATO Corporation, Press Release, 10 Feb 2015 at 7:42 am Housing investment company SATO will construct another building on a prestigious site in the Leppäsuo area of Etu-Töölö, central Helsinki. The SATO RentHomes in the housing company called As Oy Töölön Gaala will be completed around Christmas 2016. Director Antti Aarnio from SATO: There will be a total of 123 high-quality rental and owner-occupied homes at the corner of Mechelininkatu and Pohjoinen Rautatiekatu streets. The first homes, belonging to the As Oy Töölö Estradi housing company, will already be completed this year. - We apply a star rating to our rental homes on the basis of their quality, and the homes now to be constructed for As Oy Töölön Gaala will be stunning five-star SATO RentHomes. The location is fantastic for five-star homes - we have 19 rental homes in the section of the block completed earlier, and demand for them has remained high. The construction company for As Oy Töölön Gaala and As Oy Töölön Estradi is SRV. For more information please contact: SATO Corporation Antti Aarnio, Director, p. +358 201 34 4200 or +358 40 164 7052 www.sato.fi 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. SATO owns a total of approximately 24,200 rental apartments in the largest Finnish urban 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 EUR312.3 million, operating profit EUR191.3 million and profit before taxes EUR152.2 million. SATO's investment properties have a value of roughly EUR2.5 billion. News Source: NASDAQ OMX --------------------------------------------------------------------- 2015-02-10 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- Language: English Company: SATO Oyj Finland ISIN: FI0009011688 End of News DGAP News-Service --------------------------------------------------------------------- 321275 2015-02-10
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