The Y-Foundation Group develops properties in growth centres

The Y-Foundation Group develops properties in growth centres

We develop affordable rental apartments and homes for special groups. The energy consumption associated with property development and maintenance is an important guiding principle in our planning and design activities.

The geographical focus of the Foundation’s new property development operations is on cities where there is demand for affordable rental apartments. These include the Helsinki Metropolitan Area and the Tampere commuter area in particular. Our construction projects in other growth centres are in locations with good transport connections and services.

New M2-Kodit apartments are being build in many cities. This site is in Tuusula, downtown Hyrylä. 

Hundreds of homes under construction

A total of 357 interest-subsidised M2-Kodit ARA rental apartments were completed in good locations in growth centres in 2021. A total of 633 apartments were under construction at the end of the year.

We intend to build or acquire over 5,000 new apartments by 2030. This target will be achieved by new construction and the acquisition of existing apartments.

In the development of new residential properties, the Y Foundation Group’s objective is to develop eco-friendly construction processes and use renewable energy. For example, the new solid wood apartment building completed in Jyväskylä in summer 2020 became the first Y-Foundation Group property to have a system for capturing heat from wastewater.

All of the new properties developed by M2-Kodit, a wholly-owned subsidiary of the Y-Foundation, are ARA properties, which means they are built with state subsidies and have regulated rents. The selection of tenants is based on needs assessment. Apartments are rented to those with the most urgent need.

Our current construction projects are in the Helsinki Metropolitan area in Helsinki, Espoo and Vantaa. We do development also in Tampere and Kuopio.

Our current development projects include, among others, The Biodiversity Building in Helsinki and ITIS SITI development project in Itäkeskus, Helsinki.

Y-Foundation is part of the consortium developing the ITIS SITI project.
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