In five years, the company has invested nearly EUR 1.5 billion in market-based rental housing. In 2016, the Group’s investments in Finnish rental housing were EUR 696 million, and at the end of the review period, there were 1,536 new rental apartments under construction, of which 1,220 were in the Helsinki region.
696
EUR million investments in Finnish rental housing
The construction of new properties, the acquisition of existing ones and renovation develop and increase the supply of rental housing in the areas with strongest demand. The Group manages and develops its properties through long-term investments, cost-efficient maintenance and repairs. Our focus is on ensuring that the value of our property portfolio increases and that our properties are available for rent.
| units | 2013 | 2014 | 2015 | 2016 |
| Number of apartments | 40,194 | 40,793 | 41,153 | 34,974 |
| 1 room 7,066 | 7,066 |
| 2 rooms 17,879 | 17,879 |
| 3 rooms 8,111 | 8,111 |
| 4 rooms+ 1,918 | 1,918 |
| Helsinki Metropolitan area | 15,112 |
| Rest of Southern Finland | 5,904 |
| Western Finland | 8,057 |
| Eastern and Northern Finland | 5,901 |
| EUR million | 2012 | 2013 | 2014* | 2015 | 2016 |
| 96.3 | 101.7 | 111.8 | 134.6 | 190.3 |
*As of 2014, the Group adopted IFRS for its financial reporting.
