The oldest section of the building complex dates from 1896 and it was extended in 1988. The premises include 48 flats of an average 54 square meters. The existing residents' rental agreements will be valid until further notice. The house also contains meeting and leisure facilities which the Bank of Finland will rent from SATO.
The Bank of Finland decided to give up the property due to the impending renovation requirements and maintenance costs. The Bank no longer considers the upkeep of residential property to belong to its tasks and has already sold similar property in the recent past."
2- "Bank of Finland to sell commercial building plot to YIT ConstructionToday, 26 May 2008, the Bank of Finland and YIT Construction Ltd have signed a preliminary real estate agreement on the sale by the Bank to YIT of a section of a plot of land zoned for commercial development in the Viinikkala district of Vantaa.
Sometime you wonder, if there is some conflict of interest in the real estate market. Why on earth Bank of finland had invested in Flats if not to get fat profit from it. I think you start to understand why the market is not healthy, especially when the lesson giver are the one that speculate on large scale...