Kojamo acquires large housing portfolio

Recent work|February 11, 2026

Roschier advises Kojamo plc and its wholly owned subsidiary Lumo Kodit Oy in the landmark acquisition of a large Finnish housing portfolio owned by Varma Mutual Pension Insurance Company as well as financing of the transaction through issuance of special rights entitling to shares and acquisition financing facility of EUR 600 million.

The portfolio consists of 60 residential properties that have combined over 4,700 apartments. In total, 98 per cent of the housing portfolio is located in the attractive Helsinki, Tampere and Turku metropolitan areas.

The debt-free transaction price is approximately EUR 900 million, part of which will be paid in cash and part in new shares to be issued by Kojamo in connection with the closing of the transaction. For the purposes of financing of the transaction, Kojamo has issued to Varma 24,666,667 special rights that entitle and obligate Varma to subscribe for, and the company to issue, 24,666,667 new shares of the company upon the completion of the transaction. Further, Kojamo has agreed a senior unsecured acquisition financing facility of EUR 600,000,000 with Goldman Sachs Bank Europe SE, Nordea Bank Abp and Skandinaviska Enskilda Banken AB (publ).

The transaction is subject to the fulfilment of customary conditions for a real estate transaction, including the approval by the competition authority.

Roschier’s core advisory team comprises Antti-Jussi Partanen, Antti Ihamuotila, Petri Avikainen, Johannes Ahti, Ami Paanajärvi, Andreas Bussman, Sari Rasinkangas, Martti Ylinen, Maiju Airisniemi, Mattias Brännkärr, Tuomas Aho, Milja Stålhand, Roosa Kellokumpu, Noora Kähkönen, Lauri Heikkola, Iiro Laitinen, Janne Nurminen, Vera Lammi, Aino Ylikahri, Pauliina Vilponen, and Amanda Prykäri.