Kojamo secures €100m sustainability loan from OP Corporate Bank

Finnish residential real estate company Kojamo has signed a €100 mln unsecured term loan facility agreement with OP Corporate Bank. 

Finland

The loan, which is tied to Kojamo's sustainability targets, will refinance an existing €100 mln loan with OP that matures in 2026. The loan has a three-year maturity with two optional one-year extensions, and the interest rate margin is linked to Kojamo's achievement of its key sustainability objectives.
The news of the loan comes only days after Kojamo revised its 2025 financial outlook downward following the sale of 44 rental housing properties encompassing 1,944 apartments across eight municipalities in Finland. The completed sale is projected to decrease the company's 2025 total revenue by approximately €9.2 mln and Funds From Operations (FFO) by approximately €2.9 mln.
The sale price was approximately 10% below the 2024 balance sheet value. While the transaction is expected to have a minimal impact on the occupancy rate and no impact on the fair values of remaining investment properties, it will result in approximately €25 mln in taxes payable in January 2026.
This strategic disposal of non-core assets aligns with Kojamo's objectives for the current year.