SRV agrees €35million Finland new-build projects

One of the new-builds, Asunto Oy Tampereen Kissanpäivät in Kissanmaa, Tampere

Developer SRV is to begin two new-build residential buildings in Finland for a housing fund belonging to asset manager eQ for €35million.

They are Asunto Oy Tampereen Kissanpäivät in Kissanmaa, Tampere, and Asunto Oy Espoon Anna Sahlsténinkatu 15, in Perkkaa, Espoo.

Construction in both new-build projects will start late in spring 2023, and the buildings are expected to be completed at the beginning of 2025.

Sustainable investments

Jorma Seppä, SRV’s Senior Vice President, Housing in the Helsinki Metropolitan Area, says, “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 Ltd, says, “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 residential units in Tampereen Kissanpäivät, which will be built near Kaleva in Tampere, will have studios, two and three-room flats and one four-room flat. There will be 52 residential units. The property will be heated with geothermal energy, which will also be used to provide underfloor heating and cooling in individual apartments. The total floor area for residential use will be 2,355 m2.

Anna Sahlsténinkatu will have studios as well as flats with two, three or four rooms. It will have 86 residential units. The heating method for the property will be district heating. The total floor area for residential use will be 3,775 m2.

In terms of energy efficiency, both buildings are in class A, and the sites will use electricity produced by solar panels to meet the electricity needs of the buildings. In addition, the parking spaces on the sites will be equipped with infrastructure for electric vehicle charging.