Media release 31 May 2021 at 2.30 p.m.
Kojamo plc: Lumo Kodit Oy has agreed on the purchase of two real estate development projects in Haaga, Helsinki and Hervanta, Tampere
Lumo Kodit has agreed on the purchase of two real estate development projects with Suomen Kaupunkikodit Oy. In the conversion project at Sentnerinkuja 2 in Pohjois-Haaga, Helsinki, 119 new singles, two-room and three-room apartments will be constructed. At Orivedenkatu 11 in Tampere, 142 new compact singles will be constructed.
The building of Sentnerikuja 2 will also include comfortable communal spaces, such as a sauna with a terrace, a clubroom and laundry facilities. The property’s location has excellent public transport links. For example, a train station is located nearby and the Helsinki city centre is only a few minutes away. There are also day care centres and schools in the area, as well as playgrounds and sports parks for families with children. You can also find plenty of shops and other services, such as restaurants in the shopping centre Kauppakeskus Kaari located nearby. Central Park and Pirkkola Sports Park are also within a short walking distance. The site is built by SSA Rakennus Oy, and the property is estimated to be completed in spring 2023.
All of the 142 singles at Orivendenkatu 11 will have a French balcony and an efficient, compact floorplan. The new apartments offer high-quality and compact accommodation for students in the Hervanta region. The shared facilities of the building also include a sauna and a laundry room. The University of Tampere campus is located one kilometre away. Hervanta has a shopping centre, convenience stores, a library, a cinema and many sports facilities, including a swimming pool, an indoor skating rink and sports grounds. Trams connect Hervanta to other areas of Tampere, and the city centre can be reached quickly. The nearest tram stop is located 300 metres from the building. The site is built by Lehto Asunnot, and the property is estimated to be completed in spring 2024.
The completion of the projects under the agreement is subject to the customary terms and conditions.
This investment supports Kojamo’s strategic growth especially in the Helsinki Metropolitan Area. Kojamo’s strategy is to invest heavily in increasing the housing supply in Finland’s growth centres, where the demand for rental apartments is 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 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 kojamo.fi/en/