The debt-free purchase price of the apartment stock to be sold is EUR 97M.
The apartments to be sold are located in Hämeenlinna, Jyväskylä, Kotka, Kouvola, Kuopio, Lahti, Lappeenranta, Mikkeli, Pori, Porvoo, Riihimäki, Rovaniemi, Tampere, Turku and Vantaa.
The purchase is conditional on the prerequisites for an ordinary real estate transaction. The parties’ objective is to finalise the transaction during the second quarter of 2018.
Kojamo Divests Close to 1,600 Apartments
Finland — Kojamo Group’s companies have signed an agreement whereby they will sell in total 1,594 rental apartments in 15 locations to a real estate fund managed by Morgan Stanley Real Estate Investing.<br />
Maria Olsson Äärlahtmaria@nordicpropertynews.com