SATO Oyj
Housing investment company SATO appoints Mikko Nevalainen as Director for Tampere Region
DGAP-News: SATO Oyj 2015-06-17 / 15:00 --------------------------------------------------------------------- Helsinki, Finland, 2015-06-17 15:00 CEST (GLOBE NEWSWIRE) -- SATO Corporation, Press Release, 17th June 2015 at 4:00 pm Mikko Nevalainen, MEng, (b. 1974) has been appointed as SATO Corporation's Director for Tampere Region from 1 September 2015. Nevalainen's responsibilities will include housing investments and property development in the Tampere region. He will report to Vice President Pasi Suutari. Mikko Nevalainen has been employed by SATO since 2012, starting as Development Engineer and his latest position being Area Manager for selected regions of the Helsinki Metropolitan Area. SATO owns around 2,200 rental homes and invests annually in 100-200 new homes in Tampere. The current Director of Tampere Region, Kari Koponen, is retiring at the turn of the year after 26 SATO years. For more information please contact: SATO Corporation Mikko Nevalainen, phone +358 201 34 4110 or +358 50 323 6907 Pasi Suutari, phone +358 201 34 4008 or +358 40 504 4292 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. All told, SATO holds roughly 24,200 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 EUR312.3 million, operating profit EUR191.3 million and profit before taxes EUR152.2 million. SATO's investment properties have a value of roughly EUR2.6 billion. News Source: NASDAQ OMX --------------------------------------------------------------------- 2015-06-17 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 --------------------------------------------------------------------- 369353 2015-06-17
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