Avara is committed to responsibility in all areas of its operations. This is our ninth sustainability report, where we share both our achievements and the measures that support sustainable returns, low-carbon living, and the well-being of people and communities.
In 2025, Avara’s long-term and responsible operating model demonstrated its ability to deliver results even in uncertain times. Investor confidence and employee satisfaction were at a high level, the newly developed assets in Central Pasila were highly successful, and our climate work progressed with significant, measurable results. These achievements are underpinned by a clear strategic direction, strong expertise and a shared value base.
Investor confidence and satisfaction at peak levels
In 2025, we focused on strengthening the operational and financial resilience of the funds in a changing market environment. The stability of the funds was maintained without additional capital contributions from investors or forced asset sales. At the same time, we further developed investor reporting by improving its timeliness, transparency and comparability, and complemented it with our own market overview, supporting investors’ understanding of changes in the market environment and Avara’s approach to managing them.
These measures strengthened investors’ confidence in Avara’s operating model, decision-making and ability to act responsibly even in challenging market conditions. This increased confidence was reflected in a clear improvement in the investors’ Net Promoter Score, which rose to 85, close to the highest levels ever recorded. Taken together, these efforts and their impacts support long‑term investor relationships and demonstrate that transparency, predictability and active dialogue are key enablers of responsible and sustainable investment performance and long-term value creation.
A value‑driven culture supports a top‑level employee experience
Avara’s success is built on a well‑established corporate culture and shared values that guide our day‑to‑day work. Coaching‑oriented and individual leadership, combined with supporting employees’ self‑direction, create the conditions for effective and high‑performing work. Our close‑knit and collaborative working environment enables open interaction, smooth information flow and genuine proximity between team members and supervisors.
In 2025, Avara once again received the Great Place to Work® certification, and 96% of our employees consider Avara a truly great place to work. In addition, Avara ranked 14th in the Finland’s Best Workplaces™ list in the small companies category, providing concrete evidence of an excellent employee experience and a culture built on trust.
Significant progress in climate work
Avara’s climate work advanced with significant and measurable results in 2025. Greenhouse gas emissions from our property portfolio have decreased by 80% since 2016, and emissions were reduced by 44.2% in the past year alone. These reductions are the result of long‑term investments in energy efficiency and the transition to lower‑emission energy solutions as part of the ongoing development of our property portfolio.
Our climate efforts are also supported by measures that empower residents to influence their own consumption. The introduction of consumption‑based water billing in selected properties and the use of digital monitoring solutions increase awareness of consumption and support more resource‑efficient living.
A notable success in the Central Pasila developments
The new developments in Central Pasila were among our most visible achievements of the year and further strengthened the view of Avara’s strong real estate development expertise. The properties were completed on schedule, and leasing progressed actively. In addition, the Tulistimenkatu property was fully leased in nearly a week, representing the fastest initial leasing in Avara’s history.
These results demonstrate that real estate development, leasing and marketing work seamlessly together at Avara, and that we are able to deliver successful projects even in a challenging market environment.
