01.10.2018
FINANCES, INVESTOINNIT

Lumo Kodit Oy has acquired 68 apartments in Sörnäinen, Helsinki

Press Release 1 October 2018 at 10.30 a.m.

Lumo Kodit Oy has acquired 68 apartments in Sörnäinen, Helsinki

Lumo Kodit Oy has acquired 68 apartments in an apartment building at the address Lintulahdenaukio 6, in Sörnäinen, Helsinki. The seller is Henna and Pertti Niemistö Art Foundation ARS FENNICA sr.

“The apartments are located in a peaceful and comfortable area close to the centre of Helsinki, with excellent public transport connections. The apartments are an excellent addition to Kojamo’s apartment portfolio in Helsinki’s city centre. We are continually looking for targets that match our strategy to add to our apartment portfolio. We aim to offer better urban housing to an increasing number of people,” states Kojamo plc’s Investment Director Mikko Suominen.

The debt-free purchase price of the apartments is EUR 18 million and it is estimated that the acquisition will increase Kojamo group’s turnover annually by EUR 1 million.

Further information:

Kojamo plc, Investment Director Mikko Suominen, +358 (0)40 504 0915

Kojamo is Finland’s largest private residential real estate company and a frontrunner in rental housing business. Our mission is to create better urban housing. We operate in Finland’s most significant growth centres and our Lumo brand provides rental housing and new services for urban housing. We actively develop the value and number 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 www.kojamo.fi/en/