Y-Säätiö buys three properties from VVO Hoivakiinteistöt Oy

The properties are located in Helsinki at Soittajantie 4, in Turku at Hippoksentie 31 D and in Hämeenlinna at Rakuunankatu 3 A. The properties sold to Y-Säätiö’s Service Buildings are service buildings used by special groups, with a total of 73 apartments.

The apartments in the properties transferred to Y-Säätiö in the deal are mainly leased to Validia Oy. Each property also has service facilities managed by Validia Oy.

Buying the apartments was practical, because Y-Säätiö already owns some of the properties which are being bought now. The properties and partners are already familiar, says property manager Juha Niskanen .

Ownership of the properties was transferred to Y-Säätiö on 31 May 2023. Validia continues as a real estate service provider for special groups also under the ownership of Y-Säätiö. Validia Oy has managed the lease agreements for the residents of the properties. Residents continue to live normally despite the change of ownership.

Y-Säätiö’s mission is to provide housing and eliminate homelessness in Finland.
Y-Säätiö’s operating principle is the Housing First model, according to which homelessness can only be eliminated by arranging apartments for everyone and appropriate support. The store supports Y-Säätiö’s core activities and promotes housing for special groups in Finland.

More information:
Y-Säätiö, property manager Juha Niskanen, tel. 020 7020 240


Y-Säätiö is Finland’s largest national non-profit landlord and a non-profit specialist in homelessness work. Y-Säätiö promotes social justice by offering affordable rental apartments. M2-Kodit is a company owned by Y-Säätiö Group, focused on affordable ARA rental housing