Kojamo plc Insider Information, 6 June 2025 at 10:30 p.m. EEST
Insider Information: Kojamo has agreed to sell 44 residential properties
Kojamo Group's companies have signed an agreement to sell 44 rental housing
properties to Apollo-managed funds (NYSE: APO) and Avant Capital Partners for a
debt-free sale price of EUR 242 million.
With the transaction, 1,944 apartments will be sold from eight different
municipalities across Finland. The properties were mostly completed between the
1970s-2000s, and they are located in Jyväskylä, Lahti, Kuopio, Hämeenlinna,
Helsinki, Tampere, Turku and Espoo.
The transaction is subject to the fulfilment of customary conditions for a real
estate transaction. The parties' objective is to finalise the transaction during
the summer of 2025.
The sale of these non-strategic properties is aligned with Kojamo's goals for
the current year.
“The sale is a significant milestone for Kojamo. Nearly 80 per cent of the sold
properties are located outside the capital region. Kojamo's investment strategy
continues to focus on the largest cities in Finland,” says Executive Vice
President Ville Raitio.
The annual total revenue of the properties in sale is approximately EUR 21
million. The company will disclose the impact on the 2025 figures after the
closing of the sale.
For more information, please contact
Ville Raitio, Executive Vice President, Investments & Portfolio Management,
Kojamo plc, tel. +358 20 508 3012, ville.raitio@kojamo.fi
Distribution:
Nasdaq Helsinki, key media
Kojamo is Finland's largest private residential real estate company and one of
the biggest investors in Finland. Our mission is to create better urban housing.
Lumo offers environmentally friendly housing and services for the city dweller
who appreciates quality and effortlessness. We actively develop the value of our
investment properties by developing new properties and our existing property
portfolio. We want to be the property market frontrunner and the number one
choice for our customers. Kojamo's shares are listed on the official list of
Nasdaq Helsinki. For more information, please visit https://kojamo.fi/en/