SATO Corporation
Press release 26 September 2022 at 1:30 pm
SATO, one of Finland’s largest rental housing providers, is developing new non-subsidised rental homes on Peijinkuja street in the Finnoo district of Espoo. Construction started in August 2022 and the homes will be completed in stages during autumn 2024.
On 7 July 2022, SATO signed contracts with builders Lujatalo Oy on new apartment buildings, their grounds and an underground parking facility in Finnoo at the addresses Peijinkuja 6 and 10. The site will have two 8-storey buildings and one with 13 stories. All told, there will be 257 homes plus a ground-level commercial unit to let.
All homes in the buildings have a glassed-in balcony and some also have sea views. Peijinkuja is but a kilometre from the seaside and the new Finnoo metro station is just one street over.
The evolving Finnoo district is a new, densely built urban residential area on the western extension of the metro line. The new Finnoo blends an urban vibe with the surrounding lush greenery and the seaside. The western metro extension to be completed in the coming year will provide the area’s residents with smooth and fast public transport. The first residents have already moved into the area and the buildings now rising in Peijinkuja represent the next phase in the area’s development.
The Finnoo metro station environs used to be dominated by detached houses. A terraced house was demolished to make way for the apartment buildings on SATO’s plot.
“SATO’s Peijinkuja project is grounded in long-running development efforts. Together with the City of Espoo, we drafted a new local detailed plan for the terraced house property owned by SATO in the old Hannus area of detached houses that is now on its way to become the Finnoo district of Espoo. SATO aims to continue its development of the Finnoo district also in the future,” says Arto Aalto, VP for Investments at SATO.
Pleasant and sustainable apartment building living
“The design of new SATO rental homes is always informed by energy efficiency, sustainable building solutions to last for decades to come, and adaptability. Some of the load-bearing concrete walls of the studios have been replaced with light walls between the units. This way, they can be combined with the apartments next door if going forward, demand arises for larger apartments,” Aalto says.
The property will be rated energy class A. It will have district hearing and also feature solar power systems on the roofs of all apartment buildings.
The buildings will have sauna and club facilities and laundry and drying rooms for the common use of all residents along with a wide range of storage facilities including individual storage units for each apartment and shared bicycle storage. Some of the storage units are conveniently located on the residential floors, right next to the doors to the homes.