In June, VVO Kodit Oy signed secured credit agreements worth a total of EUR 120 million.
A 7-year loan worth EUR 50 million was signed with Aktia Pankki Oyj. Longer, 10-year loans were agreed upon with Danske Bank Oyj (EUR 20 million) and with Svenska Handelsbanken AB (publ) (EUR 50 million).
The central conditions of the contracts correspond to those of other credit agreements by VVO Group. The loans will be used for the growth investments of the Group.
CFO Erik Hjelt, VVO Group plc, tel. +358 (0)40 047 2313, 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.