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9.12.2019 | Press releases

Lumo Kodit and Peab agree on the construction of 64 apartments in the seaside district of Sompasaari in Helsinki

Kojamo plc Press Release 9 December 2019 at 11.00 a.m.

Lumo Kodit Oy and Peab Oy have agreed on the construction of 64 new rental apartments in Sompasaari, Helsinki. The property is located at Vinsentinaukio 4 in close proximity to services and the metro.

The Lumo apartments will include singles as well as two-room, three-room, four-room and five-room apartments. Redi shopping centre provides diverse services in the area. Sompasaari also benefits from the proximity of the sea and canals. The beautiful landscapes and the outdoor recreation opportunities of Mustikkamaa attract urban adult households and families with children.

The high-quality Lumo development at Vinsentinaukio 4 will include modern shared facilities as well as services that make daily life easier, such as convenient waste sorting, a parcel locker, a shared-use vehicle and supplementary services that make it easier for people to look after their pets.

The new Lumo apartments in Sompasaari are part of Kojamo’s investment strategy, which is focused on Finland’s seven largest growth centres. The property will be completed in 2020–2021.

Further information:
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