Sato acquires 400 Finnish apartments for EUR 60m

By A staff reporter 2011-06-06T00:00:00+01:00

Finnish residential property investor Sato has acquired 383 rental apartments from OP-Eläkesäätiö and OP-Eläkekassa for EUR 60 mln.

Finnish residential property investor Sato has acquired 383 rental apartments from OP-Eläkesäätiö and OP-Eläkekassa for EUR 60 mln.

The apartments are located in Helsinki, Turku and Oulu.

Sato is one of Finland’s leading corporate investors in housing. Sato owns a total of some 23,000 rentable homes in Finland’s largest centres of urban growth and St. Petersburg. Its investment assets have a fair value of roughly EUR 1.7 bn.