2022-06-23 10:30:00 CEST

2022-06-23 10:30:07 CEST


Kojamo Oyj - Inside information

Kojamo agrees to acquire 942 apartments

Kojamo plc
Inside information
23 June 2022 at 11:30 am EEST

Kojamo agrees to acquire 942 apartments

Kojamo and a fund managed by NREP have entered into an agreement under which
Kojamo's subsidiary Lumo Kodit Oy will acquire 942 rental apartments in Finnish
growth centres. The transaction is contingent upon the normal conditions for a
property transaction. The parties aim to finalise the transaction during June

The transaction concerns 13 high-quality properties completed between 2017 and
2021. Of the apartments, 461 are located in Helsinki, Espoo and Vantaa, 191 in
Turku, and 290 in Jyväskylä. The parties have agreed that the transaction price
will not be disclosed. If completed, the transaction will increase Kojamo's
total revenue for 2022 by approximately EUR 4 million. The tenancy agreements
for the properties will remain in effect unchanged.

The investment supports Kojamo's strategic growth in the capital region as well
as in Turku and Jyväskylä. Kojamo's strategy is to invest in apartments in
Finland's growth centres, where the demand for rental apartments is on the rise
due to urbanisation and the increasing popularity of rental housing.

“The properties to be acquired are an excellent fit with our strategy, and they
strengthen Kojamo's apartment offering in the areas in question. They are
located in growing urban locations, close to good transport links, diverse
services and opportunities for outdoor recreation. We welcome our new customers
to enjoy our range of Lumo services,” says Chief Investment Officer Ville

For more information, please contact: Ville Raitio, Kojamo plc, Chief Investment
Officer, tel. +358 20 508 3012

Distribution: Nasdaq Helsinki, key media

Kojamo is Finland's largest private residential real estate company and a
frontrunner in the 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 with 50
years of experience. 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 kojamo.fi/en/