Kojamo Group has announced a major strategic transaction involving the sale of 44 rental housing properties to funds managed by Apollo Global Management and Avant Capital Partners. The debt-free sale totals EUR 242 million, marking one of the more significant real estate deals in the Finnish rental market this year.
The portfolio comprises 1,944 rental apartments located across eight municipalities in Finland: Helsinki, Espoo, Tampere, Turku, Lahti, Kuopio, Hämeenlinna, and Jyväskylä. These properties were mostly constructed between the 1970s and the 2000s.
The deal represents a considerable shift in Kojamo’s portfolio allocation. According to Ville Raitio, Executive Vice President at Kojamo, “The sale is a significant milestone for Kojamo. Nearly 80 per cent of the sold properties are located outside the capital region. Kojamo’s investment strategy continues to focus on the largest cities in Finland.”
The properties being sold are characterized as non-strategic assets by Kojamo, and the transaction aligns with the company’s 2025 strategic objectives, which prioritize reinvestment in core urban areas, particularly within the capital region and other key Finnish growth centers.
The divested portfolio generates an estimated EUR 21 million in annual revenue, indicating the scale and operational weight of the properties. Despite the sizeable income contribution, Kojamo appears intent on sharpening its geographical focus and optimizing its asset base for long-term value creation.
The deal is subject to customary closing conditions. The parties have stated their intention to finalize the transaction during summer 2025, pending regulatory and procedural clearances.