VVO Kodit Oy signed a contract with Swedbank Ab (publ.) concerning a five-year secured loan worth EUR 100 million.
The central conditions of the contract correspond to those of other credit agreements by VVO Group. The margin of the loan reflects the current market level.
VVO is very pleased to sign a credit agreement with a financier new to them. The loan will be used on housing investments. VVO Group’s goal is to increase the number of apartments by 1,000 per year.
CFO Erik Hjelt, VVO Group plc, tel. +358 0400 472 313, erik.hjelt(at)vvo.fi
Under the Lumo and VVO brands, VVO Group Plc offers versatile and effortless rental solutions coupled with an extensive range of housing services for different life situations. VVO Group aims to invest heavily in increasing housing supply in the next three years by developing new properties and buying existing properties.