Kojamo Group divests rental housing properties in Finland

Finnish residential real estate company Kojamo Group has finalized the sale of 44 rental housing properties to Apollo-managed funds and Avant Capital Partners for €242 mln (debt-free).

Kojamo

This transaction includes 1,944 apartments in eight Finnish municipalities, primarily built between the 1970s and 2000s. The properties are located in Jyväskylä, Lahti, Kuopio, Hämeenlinna, Helsinki, Tampere, Turku, and Espoo.
The sale is projected to reduce Kojamo's 2025 total revenue by approximately €9.2 mln and FFO by €2.9 mln. The sale price is about 10% lower than the 2024 balance sheet value, but the company believes the transaction will not affect the fair values of its remaining properties, and the impact on occupancy rates will be marginal.
The transaction will generate approximately €25 mln in taxes, due in January 2026. Kojamo plans to use the proceeds to repay debt and potentially buy back shares.