VVO Group plc is now Kojamo. The need for a name change stems from the considerable renewal of the company. In future, the parent company of the group will operate under a new name differing from the name of its apartments. The new name will be taken into use immediately.
Kojamo Plc will focus on real estate investments in Finland, renewing rental housing to make it increasingly attractive by developing new types of homes and services. The solutions promote work-related mobility in urbanising Finland, increase well-being and help preserve the environment.
– Rental housing is associated with a large number of outdated mental images, and it takes courage to change this. The Lumo online shop has been a success and give power to the customer. Finland is becoming increasingly urbanised and our lives are becoming more international. With the winds of change blowing, we need fresh ideas and the ability to offer our customers positive surprises. We accept this challenge. We believe everyone is entitled to better urban housing, says CEO Jani Nieminen.
The need for a name change stems from the considerable renewal that has taken place in the company. The company is now clarifying its operations and enhancing its competitive strength. It is easier for customers and stakeholders to understand the Group’s ideology of offering commercial Lumo homes and non-commercial VVO homes. The change will not affect the everyday lives of residents.
– In the 100-year-old Finland, this company is proud to be Finnish. It is our job to understand how people want to live in the future. Our steady profitability helps us boldly influence what tomorrow brings. After our company-wide renewal, it is also time to renew our name, says Nieminen.
Kojamo is a word from Finnish nature; it means a large male salmon. Kojamo has a steady influence on the streams of the future and is constantly developing and improving its operations.
Kojamo Plc is the parent company of the Group and the largest real estate investor in Finland with its EUR 4.3 billion apartment assets. The company’s share of the entire rental housing market is approximately 4.2%. Lumo offers housing solutions and new services for our customers with more than 31,000 apartments, and the name VVO will remain in use for the non-commercial rental operations of 3,800 apartments.
Over the past five years, the Group has invested nearly EUR 1.5 billion in commercial rental housing on the open market. The Group has also initiated the construction of 3,872 new privately-financed apartments. In addition, the company has procured a significant number of apartments and introduced service design as a feature included in the housing of the Lumo brand.
CEO Jani Nieminen, tel. +358 (0)20 508 3201, jani.nieminen(at)kojamo.fi
Appendix: Kojamo logo
Kojamo plc focuses on housing investments in Finland, renewing rental housing in order to make it increasingly attractive. The company develops Lumo homes and services that promote work-related mobility in the urbanising Finland, increase well-being and protect the environment. Over the past five years, the Group has invested nearly EUR 1.5 billion in commercial rental housing.