TVT Asunnot

What TVT Asunnot does

TVT Asunnot Oy is a Finnish municipal rental housing company founded in 1994 and wholly owned by the City of Turku (Turun kaupunki). The company provides rental apartments for residential use across Turku, Raisio, and Kaarina, along with a smaller book of commercial premises, targeting three primary segments: general renters seeking affordable housing in the Turku metropolitan area, seniors aged 55+ in accessibility-designed units, and income-qualified applicants for state-subsidized Arava/korkotuki housing. As of June 2026, 451 apartments are in active construction across seven sites, representing €130M in project investment (€100M new-build, €30M renovation), with a separate ~€20M annual renovation program covering ~4,000 apartments per year and a City Council target of 400 new homes annually and a 10.5% share of Turku's total housing stock.

The company operates through a single application system integrated with Visma Tampuuri (property management), Suomen Asiakastieto Oy (credit checks), and a multi-vendor electronic locking stack (iLOQ, Abloy, dormakaba). Tenants are served via the ASSI-asukassivut digital resident portal for maintenance requests and payment information, and broadband internet is included in rent. The offering is broadened by furnished Tovi-kodit flexible rentals, a quarterly Kotimme resident magazine, the 'Koti, yksilö ja yhteiskunta' podcast and companion book on housing policy, and the Arjen ilmastoteot resident sustainability program.

The revenue model is subscription-recurring monthly rental income, with ancillary streams from parking, facility rentals, and commercial premises. Distribution is direct-to-consumer, with no intermediaries in the tenant application flow. The company sits inside a group of joint data-controller entities (TVT Kodit Oy, Turun Osakehuoneistot Oy, Turun Palvelutilat Oy, Etelä-Suomen Kodit Oy) under the TVT Asunnot brand, with TVT Asunnot Oy serving as the primary customer-facing entity. With 51–100 employees and no disclosed external shareholders or venture funding, the firm operates as a municipal instrument of housing policy rather than a market-rate investment vehicle.

Name

TVT Asunnot

Legal name

TVT Asunnot Oy

Website

https://tvt.fi

Company type

Private

Founded year

1994

Operating status

Operating

Headcount range

51–100 employees

Short description

TVT Asunnot Oy is a municipal rental housing company wholly owned by the City of Turku, providing affordable rental apartments and commercial premises across Turku, Raisio, and Kaarina, with senior (55+) and state-subsidized housing options for individuals, families, and seniors.

Ownership category

akta.pro rank

Headquarters

HQ city

Turku

HQ country

Finland

HQ region

Europe

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Supply Chain, Personnel, Infrastructure, Marketing or Sales, Technology or R&D

Revenue model

1. Rental Income: Primary revenue from monthly rental payments for residential apartments across Turku, Raisio, and Kaarina. Properties include both state-subsidized (Arava/korkotuki) and market-rate units. Rent includes internet connectivity. Additional revenue from parking spaces, facility rentals, and commercial premises.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels11 records

Core offering

TVT Asunnot provides rental apartments (residential homes) and commercial premises for rent across Turku, Raisio, and Kaarina in Finland. Offerings include standard rental homes, state-subsidized (Arava/korkotuki) units for income-qualified applicants, senior apartments for residents aged 55+, and furnished Tovi apartments for flexible short or long-term stays. All rentals include internet connectivity, and the company manages the full tenant lifecycle through a digital application system and the ASSI resident portal.

Product overview

TVT Asunnot is a rental housing company owned by the City of Turku, offering rental apartments for residential use. The core product portfolio includes standard rental apartments, apartments for residents 55+ (senior housing), and furnished Tovi apartments. The company operates a digital resident portal (ASSI-asukassivut) for tenant services including maintenance requests and payments. Additional offerings include rental commercial premises, the Koti, yksilö ja yhteiskunta podcast series exploring housing policy topics, Kotimme resident magazine, and resident engagement programs like the Everyday Climate Actions initiative. The company develops new rental housing projects across Turku, Raisio, and Kaarina regions.

Differentiator

Problem solved

Functional benefit

Products and services

• Rental Apartments (Vuokra-asunnot) Rental apartments for residential use available across Turku, Raisio, and Kaarina, including market-rate and state-subsidized (Arava/korkotuki) units. Pricing ranges from approximately €733/month for a 44.5 m² two-room apartment to €1,132/month for an 81.5 m² four-room apartment at Kaerlantie 30, with internet included in rent.
• Senior Apartments for Residents 55+ (Asunnot yli 55-vuotiaille) Specialized rental apartments designed for residents aged 55 and older, featuring accessibility features and age-appropriate amenities. Offered in dedicated senior buildings (e.g., Murkionkatu 12 A and B in Koivula).
• Furnished Tovi Apartments (Kalustetut Tovi-kodit) Furnished rental apartments available for flexible short-term or long-term rental with furniture included, intended for tenants who need a move-in-ready home without purchasing or transporting furniture.
• Rental Commercial Premises (Vuokrattavat toimitilat) Commercial premises for rent to businesses and organizations located in Turku and Raisio, with good transportation connections and quality facilities. Distinct from the residential rental portfolio.
• ASSI Resident Portal (ASSI-asukassivut) Digital resident portal providing tenants access to apartment services, maintenance requests (vikailmoitus), payment information, and community features. Available to all current tenants of TVT Asunnot as part of the rental relationship.

Quantifiable outcome

• €20 million annual renovation budget benefiting approximately 4,000 apartments per year

Segments3 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration7 records

Partnerships

13 partnerships are on record, tiered major, minor and core.

• Hartela OymajorStrategic or Co-development Partner · 1 January 2026Main contractor for multiple construction projects. Building 62 apartments at Kärsämäentie 10 (completion autumn 2026) and 79 apartments at Kunnallissairaalantie 44 (completion October 2026). Also completed Möörönkuja 5 with 32 apartments.
• Jatke Länsi-Suomi OymajorStrategic or Co-development Partner · 1 January 2026Main contractor for Murkionkatu 12 (115 apartments, completion autumn 2026) and Saarenmaankatu 10 (40 apartments, completion autumn 2026). Also completed Kaerlantie 30 A-E with 141 apartments.
• Pohjola Rakennus Suomi OymajorStrategic or Co-development Partner · 1 January 2026Main contractor for Uudentuvankatu 1 demolition and new construction project (77 apartments) and Kousankuja 4 renovation (119 apartments).
• Suomen Kovabetoni OymajorStrategic or Co-development Partner · 1 January 2026Main contractor for Ristinpaltankatu 12 renovation project with 46 apartments (completion summer 2026).
• Mangrove OyminorStrategic or Co-development Partner · 1 January 2026Main contractor for Kaistarniementie 30 row house project with 32 apartments (completion autumn 2026).
• Lujatalo OyminorStrategic or Co-development Partner · 1 January 2026Main contractor for Raastuvankatu 3 A-B basic renovation project with 118 apartments.
• Visma TampuuricoreTechnology or IntegrationIntegration partner for apartment data and application management system. TVT's apartment data comes through Visma Tampuuri integration. Residents can submit applications and access apartment listings through the Tampuuri platform.
• Visma (consortium)coreTechnology or IntegrationPart of the Visma Group providing IT services. Key data processor for customer information systems.
• DNA OyjcoreTechnology or IntegrationTelephone system provider maintaining the phone system that records customer service calls.
• Neuville ConsultingcoreTechnology or IntegrationSystem provider maintaining the camera surveillance system used in properties.
• iLOQ OycoreTechnology or IntegrationElectronic locking system provider - one of three locking system providers used by TVT Asunnot.
• Abloy OycoreTechnology or IntegrationElectronic locking system provider - one of three locking system providers used by TVT Asunnot.
• dormakaba Suomi OycoreTechnology or IntegrationElectronic locking system provider - one of three locking system providers used by TVT Asunnot.

Scale indicators9 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Heka (Helsingin kaupungin asunnot Oy): Helsinki City's municipal housing company, the largest municipal landlord in Finland. Operates the same municipal-owned rental housing model as TVT Asunnot, providing state-subsidized and market-rate rental apartments with similar tenant selection frameworks.
• Espoon Asunnot Oy: Municipal housing company owned by the City of Espoo, providing rental apartments in the Helsinki metropolitan area. Directly comparable to TVT as a Finnish city-owned residential landlord with similar product, subsidy, and tenant management models.
• Setlementtiasunnot Oy: Finnish social housing provider offering affordable rental apartments to lower-income and special-need tenants. Comparable in the affordable/social housing segment of TVT's portfolio, though with a more specialized social-mission focus.
• Avain Asunnot Oy: Finnish municipal housing company providing rental apartments across multiple cities. Similar municipal ownership structure, Arava-subsidized portfolio, and tenant allocation framework as TVT Asunnot.
• SATO Oyj: One of Finland's largest listed residential rental housing companies with a portfolio of approximately 26,000 apartments. Comparable in core business (rental apartment operation) but differs in being publicly listed and not municipally owned.
• TA-Asumisoikeus Oy: Provider of right-of-occupancy (asumisoikeus) housing in Finland, backed by municipalities. Operates a similar publicly-supported, non-market-rate housing model with comparable tenant selection and pricing regulation as TVT's subsidized portfolio.
• Vantaan Asunnot Oy: Municipal housing company of the City of Vantaa, offering rental apartments including Arava-subsidized and market-rate units. Closely comparable business model, tenant base, and municipal ownership structure to TVT Asunnot.
• M2-Kodit Oy: Finnish municipal housing company jointly owned by multiple municipalities, providing rental housing across several cities. Comparable municipal-ownership model and rental housing focus, though with broader geographic spread than TVT.

Broad incumbents

• Kojamo Oyj: Finland's largest listed residential landlord with approximately 40,000 apartments under the Lumo brand. Operates in the same rental housing category as TVT but at much greater scale, with a private-market rather than municipal model.
• Heimstaden AB: Major Nordic residential real estate company with a portfolio of over 160,000 homes across Sweden, Denmark, Norway, and other markets. Comparable in residential rental focus but operates as a large private-sector incumbent rather than a municipal entity.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/TVTkotimme
• YouTubeyoutube.com/channel/UC99pJldJB24LISBchisB6xQ
• Facebookfacebook.com/TVTkotimme
• LinkedInlinkedin.com/company/tvt-asunnot-oy
• Instagraminstagram.com/tvtasunnot

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about TVT Asunnot