VVO Group plc
VVO Group Plc is Finland’s largest real estate investor and largest market-based, private-sector landlord, offering versatile and effortless rental solutions coupled with an extensive range of housing services.
At the end of the review period, the fair value of VVO’s investment properties was EUR 3.9 (3.6) billion. The VVO Group owns 40,674 (40,462) apartments, of which 26,745 (26,349) are Lumo apartments (market-based rent) and 13,929 (14,113) VVO apartments (cost principle rent).
The rental housing business is characterised by stability and predictability, which provide 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.
VVO has been engaged in administrative litigation to overturn the designation
of VVO Vuokra-asunnot Oy as a non-profit company, and the Supreme Administrative Court has now resolved the case in VVO Group’s favour. The case was returned to the Housing Finance and Development Centre of Finland (ARA) for reconsideration early this year. On VVO’s application, ARA cancelled VVO Vuokra-asunnot Oy’s non-profit status.