Sponda - Company Announcement

Sponda sells property in Kamppi, Helsinki for EUR 10 million

Sponda Plc		Stock Exchange Release 	23 December 2009 at 11.00 am

Sponda sells property in Kamppi, Helsinki for EUR 10 million

Real estate investment company Sponda Plc has this day signed a binding
agreement to sell Koy Vanhajämerä to CapMan Hotels RE Ky for EUR 10 million. 

The 5,185 square metre property, currently serving as offices, is located in
the Kamppi district of Helsinki, at Albertinkatu 36 and Lönnrotinkatu 27. The
property, which is located outside Sponda's strategic core area, will be
refurbished and converted to hotel accommodation. 

It is planned to complete the transaction by the end of January 2010. Sponda
will record capital gains of EUR 1.2 million on the transaction. 


Sponda Plc



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



Sponda Plc is a real estate investment company specializing in commercial
properties in the largest cities in Finland and in 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 2.8 billion euros
and the leasable area is around 1.5 million m².