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7.2.2018 | Stock exchange releases

Kojamo plc: Kojamo plc has agreed to acquire 981 rental apartments

Stock exchange releases

Kojamo plc
Inside Information

7 February 2018 at 8.30 p.m.

Kojamo plc has agreed to acquire 981 rental apartments

Kojamo Group and OP Financial Group’s funds have signed a preliminary agreement on the deal in which Kojamo acquires 981 rental apartments located in growth centres in Finland. The purchase is conditional on the prerequisites for an ordinary real estate transaction. The parties’ objective is to finalise the purchase during the first quarter of 2018.

The objective of the purchase is total capital stock of 22 condominiums. The buildings are located in Helsinki, Vantaa, Turku, Jyväskylä, Kuopio, Hämeenlinna, Lahti, Oulu and Naantali. The total gross annual rent for the apartments that are to be acquired is EUR 9.7 million.

The parties have agreed that the transaction price will not be disclosed.

For further information:

Kojamo plc
Jani Nieminen, CEO, tel. +358 20 508 3201
Erik Hjelt, CFO, tel. +358 20 508 3225

Kojamo is the front-runner 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, as well as cities.