Technopolis - Company Announcement

Technopolis to Expand Tampere City Center Campus

TECHNOPOLIS PLC                  STOCK EXCHANGE RELEASE              June 13,
2014 at 1:15 p.m. 

Technopolis to Expand Tampere City Center Campus

Technopolis will invest EUR 39.0 million in expanding the Tampere
Yliopistonrinne campus. The expansion is due for completion in March 2016. 

“The campus is located centrally between the railway station and the
university. We have a 25% pre-let rate for the expansion, with the largest
agreement covering the next six years,” says Keith Silverang, CEO of
Technopolis. “The financial occupancy rate of the first section of
Yliopistorinne is currently 100%, so we are confident about starting the
expansion.” 

Technopolis' occupancy rate in Tampere is 98.1%, and the occupancy rate in the
region's office market was 90.6% at the end of 2013. Demand in the downtown
area is excellent, and no other office properties are currently under
construction in the area. 

The rentable space of the expansion is 11,900 sqm, and once complete, the
rentable space of the campus will be approximately 30,000 sqm. The existing
restaurant and reception will also serve the expansion, which will make the
provision of services more efficient. The expansion also includes parking for
240 cars. 

The net initial yield of the expansion is estimated at 6.7% and the stabilized
yield at 7.2%, while the market yield requirement is 6.9%. Starting up the
expansion project requires the purchase of a plot from the City of Tampere,
which is expected to take place by the end of September. The purchase price of
the plot and the previously realized design and preparation costs of the
project are included in the total investment. 

Additional information on the Yliopistonrinne campus.


Technopolis Plc

Keith Silverang
CEO
Tel. +358 40 566 7785

Technopolis provides the best addresses for companies to operate and succeed in
five countries in the Nordic-Baltic region. The company develops, owns and
operates a chain of 21 smart business parks that combine services with flexible
and modern office space. The company's core value is to continuously exceed
customer expectations by providing outstanding solutions to 1,500 companies and
their 39,000 employees in Finland, Norway, Estonia, Russia and Lithuania. The
Technopolis Plc share (TPS1V) is listed on NASDAQ OMX Helsinki.