Basic renovations and facelifts

We maintain a high standard of living by renovating and repairing our properties. In basic renovations, all building components that have reached the end of their lifecycle are replaced, while facelifts focus on enhancing living conditions, for example, by renewing apartment surfaces.

We use modern, energy-efficient technology and well-insulated structures in construction and repairs. Our sustainability goals are also incorporated into renovation work.

The largest maintenance work carried out on properties is a basic renovation, during which building components that have reached the end of their lifecycle are replaced. Basic renovations are typically carried out every 20 years on average. Each year, we perform basic renovations on approximately 300–500 apartments. These renovations are always done for an entire property or specific stairwells, but not for individual apartments. By conducting timely repairs, we ensure the long-term durability of properties and minimize the need for maintenance and repairs. We also focus on durable solutions that can withstand student living from one tenant to the next.

Before basic renovations, the condition of the apartments is assessed, and the scope of the renovation is determined accordingly. In planning renovations, we consider feedback and requests from tenants, and we collect feedback on completed renovations and their outcomes.

During basic renovations, we also aim to modify apartment layouts to better meet tenants’ needs. For example, larger apartments may be converted into studios by dividing them into smaller units. We also develop shared spaces in ways that serve tenants as effectively as possible.

During an extensive basic renovation, it is not possible to live in the stairwell being renovated, as the area becomes a construction site. Tenants are always informed of upcoming basic renovations at least six months in advance. We also provide advance information about how the renovation will affect tenants’ tenancy agreements. Procedures for potential housing arrangements may vary depending on the size of the property and the number of overlapping basic renovations.

A basic renovation began in August 2024 in staircases A–F of the property. The renovation is scheduled for completion in summer 2025.

The basic renovation includes a comprehensive overhaul of staircases A–F, during which a pipe renovation will be carried out. This involves replacing water pipes, sewer lines, electrical systems, telecommunication networks, and ventilation systems. Additionally, the surfaces in apartments, stairwells, and shared spaces in staircases A–F will be renovated, windows and balcony doors will be replaced, and the courtyard and apartment yards will be improved.

High-quality shared facilities will also be built for tenants to use. Changes will be made to apartment types and layouts as part of the project.

A basic renovation will begin in staircases A–D of the property in January 2025. The renovation is expected to be completed in autumn 2025.

The renovation will include replacing the water and sewer network, electrical systems, ventilation, roofing, and apartment surfaces, as well as upgrading the courtyard of the property. Shared spaces and stairwells will also be renovated, and shared apartments will be converted into studio apartments and family apartments.

The renovation aims to improve the property’s comfort and quality to a higher standard, better suited to the tenants’ needs.

A basic renovation will begin on the property in spring 2025 and is scheduled for completion in spring 2026.

The renovation will include replacing the water and sewer network, electrical systems, ventilation, roofing, and apartment surfaces, as well as upgrading the courtyard of the property. Shared spaces and stairwells will also be renovated.

The renovation aims to enhance the property’s comfort and quality to a higher standard, better aligned with the tenants’ needs.

The basic renovation was completed in July 2022. As part of the renovation, a pipe renovation was carried out, which involved replacing water pipes, sewer lines, electrical systems, telecommunication networks, and ventilation.

The surfaces in apartments, stairwells, and shared spaces were renewed. Some two-bedroom apartments were converted into studios, and shared apartments into family apartments. The property’s roof and roof safety equipment were also replaced. Additionally, the courtyard and playground were completely redesigned and upgraded.

The goal of a facelift is to achieve a significant improvement in the apartment’s overall appearance with minimal disruption to tenants.

As a result of the renovation, the apartment will feature new flooring and a more modern-looking kitchen. In some cases, bathrooms are also renovated. Facelifts are not carried out in individual apartments but are done for an entire property at once.

A facelift for a single apartment takes anywhere from a few days to a couple of weeks. During the facelift, tenants can continue to live in their apartments, although it requires some preparation, such as packing personal belongings and being away from the apartment while work is in progress. However, tenants can return at the end of each workday – the day’s worksite will have been cleaned, and the apartment will remain habitable.

Facelifts are carried out in properties that are technically in good condition but require updates to their surfaces and overall appearance. The exact scope of work varies based on the property’s needs, but the goal is always to provide tenants with a significantly more modern-looking apartment in just a few days with minimal inconvenience.

A facelift will be carried out on the property, starting no earlier than December 2024 and finishing by November 2025 at the latest.

The renovation will include updates to flooring, kitchens, wardrobes, and bathrooms. Additionally, the comfort and functionality of shared spaces will be improved.

This facelift will be somewhat more extensive than usual, as the domestic water supply network will also be renovated as part of the project.