Sato is a property company, which has high-quality properties in excellent locations that complement Balder´s existing operations and property portfolio.
Sato owns just over 25,000 apartments. 79 % of the apartments are located in Helsinki and the remainder in Tampere, Oulu, Turku, Jyväskylä and St. Petersburg. Sato´s property value has developed positively in recent years through acquisitions and construction under it´s own management. Sato has about 1,200 apartments under production and 900 of them is expected to be completed in 2017.
On 1 April 2015 Balder carried out it´s first acquisition of shares in Sato Oyj. Balder has subsequently gradually acquired more shares and currently owns about 54 % in Sato.