Kojamo in brief

Kojamo’s vision is to be the property market frontrunner and the number one choice for customers who value better urban housing. With our Lumo brand, we are transforming Finnish rental housing and making it more attractive. We are promoting the competitiveness and well-being of urbanising Finland by facilitating work-related mobility.

We are investing heavily in digital services, the customer experience and our corporate culture. Our objective is to be a strongly performing housing investment company known for its excellent customer experience.

We operate in the seven main urban regions of Finland, responding to increasing rental demand in the Helsinki region in particular. Over the last five years, we have invested nearly EUR 1.7 billion in the development of commercial rental housing.

CEO’s review

New construction thrives and housing services develop rapidly

In 2017, we consolidated our position as Finland’s largest real estate investor and innovator in rental housing services. We developed our property portfolio actively, revamped the customer experience of our Lumo brand and improved our abilities to become a pioneer showing the way to better urban housing in Finland.

Over 4,000 tenancy agreements have
already been completed via the Lumo webstore.”

Services also developed rapidly in this record year of construction. The needs and wishes of urban tenants can be seen in our customers’ actions: the Lumo web store has increased steadily, and over 4,000 tenancy agreements have already been completed there.

in line with our values, we have reviewed our old habits and streamlined our ways of working. At today’s Kojamo, we are truly living our jointly created values – Happy to serve, Strive for success and Courage to change – in a new and energetic way. We will continue to have courage to change in 2018 as well.

Jani Nieminen

Investments in Lumo
Business continued

Over the last five years, Kojamo has invested nearly EUR 1.7 billion in the development of commercial rental housing in Finnish growth centres.

Gross investments:


EUR million

Total revenue:


EUR million



tenancy agreements

Fair value of housing stock:


EUR billion

Net rental income:


EUR million

Employee satisfaction (People Power)



Creating the best customer experience

A good customer experience is the sum of many parts. The unique Lumo web store has transformed the customer’s role in renting an apartment: it is now possible to rent a home online right away. We offer Lumo tenants many convenient shared-use services. During the year, we introduced sports services in the form of a ‘yard coach’ concept.

New construction thrives

We continued our major investment programme in the growing urban regions of Finland and especially in the Helsinki Metropolitan Area. In 2017, we launched the construction of 972 apartments, and there were 1,525 apartments under construction at year-end. We aim to start the construction of 1,000 new apartments each year.

Annual report 2017

Board of directors' report and financial statements 2017

Corporate governance statement 2017

Remuneration statement 2017