Correction to stock exchange release in English: Kojamo to evaluate its strategic options outside of the key growth centres

Correction to stock exchange release in English: Kojamo to evaluate its strategic options outside of the key growth centres

PR Newswire

HELSINKI, Dec. 15, 2021

HELSINKI, Dec. 15, 2021 /PRNewswire/ -- Kojamo corrects the stock exchange release in English published on 15 December 2021 at 1:15 p.m. regarding Kojamo's evaluation of its strategic options outside of the key growth centres. In the English version of the stock exchange release it was stated that at the end of September 2021 the fair value of Kojamo's investment properties was EUR 7.6 million. The correct figure is EUR 7.6 billion. In the Finnish version of the stock exchange release the information was stated correctly.

The whole announcement with corrected information can be found below.

Kojamo to evaluate its strategic options outside of the key growth centres

According to its strategy, Kojamo's operations are focused on the largest growth centres in Finland. As a part of implementing its strategy Kojamo's Board of Directors has decided to evaluate options for investment properties located outside of the key growth centres, including potential disposals of properties.

At the end of September 2021, the fair value of Kojamo's investment properties was EUR 7.6 billion of which 87.7 per cent was located in Helsinki, Tampere and Turku regions. The evaluation is focused on investment properties located outside of these areas and can lead to disposal of up to 3,600 apartments. The evaluation process does not have an effect on the company's operations in the areas under evaluation. If the evaluation would lead to disposal of properties, it will be announced according to the company's disclosure policy.

For more information, please contact

Ville Raitio, Chief Investment Officer, Kojamo plc, tel. +358 20 508 3012, ville.raitio@kojamo.fi

Distribution

Nasdaq Helsinki, key media

Kojamo is Finland's largest private residential real estate company and a frontrunner in the housing business. Our mission is to create better urban housing. The Lumo brand provides environmental-friendly housing and services in Finland's biggest growth centres. We actively develop the value of our investment properties by developing new properties and our existing property portfolio. We want to be the property market frontrunner and the number one choice for our customers. Kojamo's shares are listed on the official list of Nasdaq Helsinki. For more information, please visit kojamo.fi/en/ 

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