Sponda - Company Announcement

Sponda’s logistics properties transaction finalised

Sponda Plc                                  Stock Exchange Release           31
July 2012, 2:00 p.m. 


Sponda's logistics properties transaction finalised

On 10 July 2012, real estate investment company Sponda Plc announced the
signing of an agreement to sell logistics properties for altogether EUR 32.5
million to the Sponda Real Estate Fund III. Closing of the transaction took
place today. 

Property sales will reduce the share of logistics properties in the company's
property portfolio in accordance with Sponda's strategy. The transaction will
also serve to finance the investments of the company. 

Sponda Fund III invests primarily in logistics and industrial properties in
Finland's growth centres. The new fund is aimed at domestic institutional
investors. Sponda is responsible for the management of the fund as well as the
properties it owns. Sponda's holding in the fund is approximately 38%. 


Sponda Plc


Further information: Kari Inkinen, President and CEO, tel. +358 400-402 653



Sponda Plc is a property investment company specializing in commercial
properties in the largest cities in Finland and Russia. Sponda's business
concept is to own, lease and develop office, retail and logistics properties
into environments that promote the business success of its clients. The fair
value of Sponda's investment properties is approximately EUR 3.2 billion and
the leasable area is around 1.5 million m².