SURE case. VAV Sahatie VAV Asunnot Oy 1

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1 SURE case VAV Sahatie VAV Asunnot Oy 1

2 About VAV Asunnot Oy Owned by City of Vantaa Non-profit company, state subsidised houses Nearly apartments Mission: produce affordable housing services of good quality to meet the needs of citizens and commerce in Vantaa and to maintain the value of the existing building stock VAV Asunnot Oy 2

3 About VAV Asunnot Oy Contracts new apartment per year Challenges in future: Keep apartments in good condition Refurbish big amount of the building stocks Get the dwellers learn energy and water-saving living habits Accomplish these economically efficently VAV Asunnot Oy 3

4 Background - apartment building from the 1970s - VAV originally planned mainly to paint the facades, repair balconies and to check the condition of the roof in Sahatie 2 - In discussions with ARA and VTT the interest grew towards energy efficient refurbishment with a wider scope and more ambitious objectives SURE - Sustainable Refurbishment life cycle procurement and management by public clients VAV Asunnot Oy 4

5 Sahatie 2 before the Refurbishment Started (2/2009) Photo: Pekka Huovila VAV Asunnot Oy 5

6 Balconies in Need of Reparation Photo: Pekka Huovila VAV Asunnot Oy 6

7 Refurbishment included: Roof facades and windows were renovated Ventilation, electricity and telecommunications, water pipes were renewed Carpets and kitchen fixture were replaced walls and ceilings painted balconies glazed Renovation Topics as a surprise, also quite recently modernized bathrooms because of the need of sewer renovation that was discovered in the condition assessment VAV Asunnot Oy 7

8 Phases of the Refurbishment Planning permission 2010 Design and construction of the building: NCC Rakennus Oy Work was started in April 2010 and were finished February 2011 The final works on the site were finished in May 2011 inc. Plantings in the yard VAV Asunnot Oy 8

9 VAV Asunnot Oy offered the residents three different housing options during the renovation period living in temporary housing moving permanently to temporary housing terminating the lease. Residents VAV Asunnot Oy 9

10 Residents Three informational meetings were held for the Sahatie 2 residents before the start of the renovation including: content of the renovation schedule and costs temporary housing moving plans housing during the renovation period One info-meeting was held afterwards VAV Asunnot Oy 10

11 Facts about refurbishment, housing Housing surveys equals 2586 m² Amount of apartments 42 Rent before refurbishment Rent after refurbishment 8,97 /m² 9,95 /m² (+water 15 /person/mo) Costs of substitute housing Costs of substitute housing/m² 61,61 Costs of substitute housing/m²/month 5, VAV Asunnot Oy 11

12 Facts about refurbishment, costs and finance Acquisition value of refurbishment Long term loan with interest assistance Loan without interest assistance Finance Own finds interest support Energy support Project support from ARA VAV Asunnot Oy 12

13 Results Subsidies in energy efficient refurbishment increase motivation towards considering that aspect of sustainability Condition assessment of sewerage led into refurbishing the bathrooms which were refurbished only a couple of years ago Loss in rental income during renovation became important Sahatie case is one step forward in implementing VAV s environmental strategy and improving corporate responsibility VAV Asunnot Oy 13

14 VAV s Partners in Sahatie 2 case NCC Rakennus Oy (Construction Company) SURE (Sustainable Refurbishment life cycle procurement and management by public clients) Technical Research Center of Finland VTT the Finnish Funding Agency for Technology and Innovation Tekes The Housing Finance and Development Centre of Finland ARA VAV Asunnot Oy 14

15 VAV Asunnot Oy 15

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