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13.12.2021

Lumo Kodit agreed on the construction of 60 new apartments in Olari, Espoo

Kojamo plc

Media release 13 December 2021 at 10.00 a.m.

Lumo Kodit agreed on the construction of 60 new apartments in Olari, Espoo

Lumo Kodit Oy has agreed with Arkta Reponen Oy on the construction of 60 new apartments in Olari, Espoo. The seven-storey Asunto Oy Olarin Onni will be built between the residential blocks of Olari and Suurpelto at Ylismäentie 14.

Olarin Onni will be built in the heart of nature, as the Espoo Central Park surrounds the area in several directions. The nearest day care centre is located in the same block. A school and a shopping centre are located nearby. Public transport links are also only a couple of hundred metres away, and the nearest metro station is in Niittykumpu.

Olarin Onni offers plenty of two-room apartments for families as well as studios and one-room apartments for couples or single people. The residents’ daily life is made easier with the building’s shared facilities, such as two saunas and a shared space serving as a second living room for family occasions and small events, for example. In addition, the building has a laundry room and three drying rooms. Environmental friendliness is emphasized in this house, as the house is in energy class A and the electricity needed by the property is partly generated by solar panels. Olarin Onni also provides charging stations for electric cars.

The project is in line with Kojamo’s investment strategy. Kojamo’s strategy is to invest in increasing 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.

Further information:
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 https://kojamo.fi/en/.

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