Lumo Kodit converts office building to rental apartments in Helsinki
Lumo Kodit Oyj has completed the conversion of an office building into over 100 new rental apartments in Pohjois-Haaga, Helsinki. The project addresses the growing demand for housing in the city.
A former office building located in Pohjois-Haaga, Helsinki, has been transformed into 119 modern rental apartments, Lumo Kodit Oyj announced on October 9, 2025. This significant conversion project substantially increases the supply of new homes in the capital region.
The project responds to the increasing demand for urban living. Converting an office building for residential use is one method to address housing shortages without necessitating new construction, potentially offering a more sustainable approach to urban development. The completion reinforces Lumo Kodit's role as a key provider of rental housing in Finland.
Many Finnish cities face similar housing shortage challenges, and utilizing former commercial spaces or existing structures for housing has emerged as a viable solution. Lumo Kodit Oyj continued its process of repurchasing its own shares from the market during this period, a move aligned with the company's financial strategy.
The company also reported multiple transactions related to its share repurchase program throughout September and October 2025. Additionally, Lumo Kodit issued its September investor newsletter, providing updates on the company's operations and outlook.