Kojamo plc Press release 31 March 2020 at 4:30 p.m.
Kojamo plc: Kojamo and SRV concluded a transaction and agreed to start construction of the 256 apartments
Kojamo plc and SRV concluded a transaction and signed a contracting agreement on the construction of 256 apartments in the Munkkivuori (Lapinmäentie 1) and Pitäjänmäki (Strömbergintie 4) districts in Helsinki and the Perkkaa (Runoratsunkatu 11) district in Espoo. These properties are part of the cooperation agreement signed by Kojamo and SRV on 2 March 2020. With the agreement, Kojamo invests approximately EUR 197 million in Finland and increases the supply of housing.
In its entirety, the cooperation agreement between Kojamo and SRV encompasses the construction of a total of 676 Lumo rental apartments. The cooperation agreement also covers a tower building to be constructed in the Kalasatama district and two properties in the Pasila district in Helsinki.The completion of individual projects under the agreement is subject to the customary terms and conditions.
“All the properties under the agreement are located in excellent locations with good accessibility and will support Kojamo’s strategic goal of profitable growth,” says Chief Investment Officer Ville Raitio.
Kojamo’s strategy is to invest heavily in increasing housing supply in Finland’s growth centres, where the demand for rental apartments in on the rise due to urbanisation and the increased popularity of rental housing.
Kojamo plc, Ville Raitio, Chief Investment Officer, tel. +020 508 3012
Kojamo is Finland’s largest private residential real estate company and a frontrunner in the housing business. Our mission is to create better urban housing. The Lumo brand provides environmental-friendly housing and services in Finland’s biggest growth centres. 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 kojamo.fi/en/