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30.4.2018 | Press releases

Kojamo completes the sale of 1,594 rental apartments

Kojamo Group companies have completed the sale of a total of 1,594 rental apartments in 15 locations to a real estate fund managed by Morgan Stanley Real Estate Investing, Renger Investment Management and Premico Group on 30 April 2018.

The sold apartments are located in Hämeenlinna, Jyväskylä, Kotka, Kouvola, Kuopio, Lahti, Lappeenranta, Mikkeli, Pori, Porvoo, Riihimäki, Rovaniemi, Tampere, Turku and Vantaa. Leases are entered into the transaction as such.

The debt-free sale price of all the properties is EUR 97 million.

The seller’s commercial advisor was Advium Corporate Finance Oy, and the legal advisor was Hannes Snellman.

The transaction was announced on 29 March 2018.

For more information, please contact:
Jani Nieminen, CEO, tel. +358 20 508 3201
Erik Hjelt, CFO, tel. +358 20 508 3225

Kojamo is the frontrunner in rental housing and real estate investments. It has undergone major renewals in recent years. The renewed Kojamo is able to provide better urban housing in a rapidly changing world. Kojamo is transforming Finnish society together with its customers, other companies and operators, and cities.