“The market conditions in Finland are still challenging, which makes us very happy to be able to start a major consumer project in Helsinki. The Renata project shows that we can start projects when the product and location are right – with a good booking rate even in a weaker market situation,” says Riku Patokoski, Business Unit Manager, Bonava Finland.

Kruunuvuorenranta is a rapidly growing residential area in Helsinki. The start of production will be reported in the third quarter interim report. As the project started late in the quarter, bookings will be converted in the fourth quarter, and then reported as units sold. The project has project financing from Danske Bank.