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31.1.2017 | Stock exchange releases

VVO Group plc: The sale of 1,344 apartments completed

Stock exchange releases

31 JANUARY 2017 AT 13.00

The sale of 1,344 apartments completed

Today, VVO Group has completed the sale of altogether 1,344 non-restricted rental apartments, located around Finland, to a company managed by Avant Capital Partners.

The apartments sold are located in Hämeenlinna, Iisalmi, Imatra, Joensuu, Kaarina, Kajaani, Kirkkonummi, Kotka, Kouvola, Mikkeli, Oulu, Pirkkala, Pori, Porvoo, Raisio, Rauma, Rovaniemi, Salo, Tampere and Turku.

The transaction will not have a material impact on VVO Group’s financial result. The parties have agreed that the transaction price will not be disclosed. The transaction was announced on 21 December 2016.

More information:
VVO Group plc
Jani Nieminen, CEO, tel. +358 20 508 3201
Erik Hjelt, CFO, tel. +358 20 508 3225

VVO Group plc

VVO Group plc offers rental apartments and housing services in Finnish growth centres. The vision of the housing investment company is to be a pioneer in housing and the customer’s number-one choice. VVO Group aims to invest heavily in increasing its housing supply by 2021 by developing new properties and buying existing properties.