Finnish construction developer SRV has sold two residential buildings in Finland to a housing fund managed by eQ for €35m.
The Asunto Oy Tampereen Kissanpäivät building in Kissanmaa, Tampere, will have studios, two and three-room flats and one four-room flat, for a total of 52 residential units across 2,355 m2.
For its part, the Asunto Oy Espoon Anna Sahlsténinkatu 15 building, in Perkkaa, Espoo, will have studios as well as flats with two, three or four rooms, totalling 86 residential units over 3,775 m2.
Construction work on both projects will start late in spring 2023 and should be completed in early 2025.
Jorma Seppä, SRV’s senior VP, housing in the Helsinki Metropolitan Area, said: ‘The projects are a natural continuation of our previous cooperation with eQ, and we are happy to start these two housing construction projects. This is an excellent example of SRV's development projects carried out in close cooperation with investors.’
Markus Pitkänen, investment director at eQ Asset Management, added: ‘The projects complement our diverse offering in Espoo and Tampere and also contribute well to our goals for sustainable investments. Cooperation with SRV has been smooth, and we hope that this will continue with new projects in the future as well.’
The Tamperen Kissanpäivät property will be heated with geothermal energy, which will also be used to provide underfloor heating and cooling in individual apartments, while Anna Sahlsténinkatu will have district heating.
Both buildings are in energy efficiency class A and will use electricity produced by solar panels, while the parking spaces will feature electric vehicle charging points.
