Business operations

VVO Group plc offers rental apartments and housing services in Finnish growth centres. The vision of the housing investment company is to be a pioneer in housing and the customer’s number-one choice.

The fair value of VVO Group’s investment properties at the end of the review period was EUR 3.6 (3.9) billion. At the end of the review period, VVO Group owned 32,736 (40,674) rental apartments.

The rental housing business is characterised by stability and predictability, which pro-vide a good foundation for development. The nature of our business, our solid financial position, and our good financial performance enable us to make investments in different kinds of economic situations.

On 16 June 2016, ARA made decisions in the transaction between VVO Group and Kiinteistö Oy M2-Kodit, owned by Y-Foundation. ARA’s tasks were the buyer designation and the determination of the maximum sales price according to the principles specified in law. The first phase of the transaction was executed on 31 March 2016 and the second phase on 20 June 2016. The sales price might be raised later as a result of the appeal. VVO Asunnot Oy will appeal ARA’s decision on the maximum transfer price.