Sponda - Company Announcement

Sponda sets up a new real estate fund and sells logistics properties

Sponda Plc            Stock exchange release          10 July 2012, at 1:25 p.m.

Sponda sets up a new real estate fund and sells logistics properties

Property investment company Sponda Plc has set up a new real estate fund, which
invests primarily in logistics and industrial properties in Finland's growth
centres. With the agreement signed today, an initial investment portfolio has
been acquired for the new Sponda Fund III real estate fund. 

The target size of the Sponda Fund III real estate fund is approximately EUR
170 million. The fund's initial investment portfolio of approximately EUR 90
million consists of properties sold to the fund by its shareholders. Sponda Plc
sells logistics properties worth EUR 32.5 million to the fund. The transaction
does not have a direct effect on Sponda's result, and the planned closing time
for the deal is the end of July 2012. 

Sponda's holding in the fund is approximately 38%. The other investors in the
fund are Varma Mutual Pension Insurance Company and Etera Mutual Pension
Insurance Company. 

- Our goal is to grow our real estate funds business and create new real estate
funds that appeal to institutional investors. Establishing Sponda Fund III is
part of the implementation of this growth strategy. The sale of properties to
the fund helps us achieve a planned reduction in the share of logistics
properties in Sponda's property portfolio while also financing our investments,
says Kari Inkinen, President and CEO of Sponda Plc. 

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 Plc


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



Sponda Plc is a property investment company specialising 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 3,2 billion and
the total leasable area is around 1.5 million m².