Financial impact

As a government-owned enterprise, Senate Properties is part of the extended government community, working in close collaboration with its clients, which are various government organisations. Through its client relations, Senate Properties develops Finland’s core infrastructure, thus forming an integral part of society.

Developed property accounts for over one-half of Finland’s real estate assets. Senate Properties’ share of these assets is approximately two percent. As one of the major property owners in Finland, Senate Properties has an important responsibility to maintain the value of these assets through the careful management, maintenance and development of its properties.

As a nationwide company, Senate Properties collaborates with local authorities such as municipalities, generally purchasing all of its facility management, cleaning, maintenance, repair and construction services from external contractors. Senate Properties also contributes significantly to regional economic well-being through substantial energy and water purchases from local utility companies.

Environmental impact

Senate Properties can decrease the environmental impact of its operations by developing the efficiency and energy procurement of its properties and by designing new buildings that consume less energy, water and materials. Such initiatives lessen the amount of natural resources consumed by the use and construction of buildings, in addition to decreasing the emissions caused by the production of building materials and energy.

Senate Properties can influence the consumption patterns and business practices of its clients through communications, through active collaboration with property users, and by supporting clients’ own environmental programs. Ideally, the promotion of efficient space usage can eliminate the need to build new, unnecessary premises.

As a major service purchaser and investor in its own right, Senate Properties can further the adoption of environmentally responsible business practices by service providers. This can be accomplished, for example, by including environmental considerations in term-of-purchase agreements and by developing new practices in collaboration with suppliers. Senate Properties aims to lessen the environmental, financial and social impact of its service providers through the adoption of continuous, close partnership models.

Social impact

Work and housing environments are a social resource that reflects the state of society. Buildings are a physical manifestation of culture and Senate Properties plays a central part in safeguarding this cultural heritage. Senate Properties operates a multitude of historically and architecturally valuable buildings, contributing to the conservation of Finland’s cultural heritage through the management of these properties. New buildings and renovation projects develop Finland’s community infrastructure while creating a new architectural heritage for future generations. In the long term, the relative development of urban areas influences population movements and affects regional equality.

Every day, thousands of people live and work in buildings managed by Senate Properties. The interior conditions, healthiness and safety of the premises affect employee motivation and productivity to a great extent. Thus, Senate Properties can influence both the occupational well-being of its employees and the productivity of its clients. Investments in premises, on-site services and comfortable working environments promote the satisfaction of employees, students and residents.