Sponda - Company Announcement

Sponda to sell its 38% stake in Certeum

Sponda Plc            Stock Exchange Release, 14 October 2015, 1:00 pm



Sponda to sell its 38% stake in Certeum

The sale

Sponda Plc has signed today a sale and purchase agreement concerning the sale
of all of its shares in Certeum Ltd to Tungsten Investment S.à r.l., a company
affiliated to Blackstone Real Estate Partners Europe IV. The consideration to
be received by Sponda is approximately EUR 190 million and the profit on the
sale will be approximately EUR 7 million. The purchase price is subject to
customary adjustments. The sale is expected to be completed by the 16th of
December 2015 and the completion is conditional upon an approval being obtained
from the competition authorities. 

Background for the sale

As an integral part of Sponda's strategy, Sponda co-founded Certeum in 2014
together with Varma Mutual Pension Insurance Company, The State Pension Fund,
Sponda Fund I, Sponda Fund II and Sponda Fund III. Certeum specializes in
logistics and industrial properties. 

Certeum is a logistics and industrial property investment company, which
started its operations in September 2014. Certeum specialises in owning,
leasing and developing logistics and industrial properties. The 122 logistics
and industrial properties owned by Certeum are mainly located in the biggest
cities in Finland. Certeum's property assets have a leasable area of
approximately 1.3 million square metres (30 June 2015). 

The agreed sale of Sponda's stake in Certeum is the next step in the
implementation of Sponda's strategy and in accordance with the intentions
disclosed in September 2014, when Sponda announced its plans to reduce its
ownership in Certeum in the future. 



Sponda Plc

The Board of Directors



Additional information:
Kari Inkinen, President and CEO, tel. +358 400 402 653
Pia Arrhenius, SVP, Corporate Planning and IR, tel. +358 40 527 4462



Sponda Plc is a property investment company specializing in commercial
properties in the largest cities in Finland. Sponda's business concept is to
own, lease and develop retail and office properties and shopping centres into
environments that promote the business success of its clients. The fair value
of Sponda's investment properties is approximately EUR 3.1 billion and the
leasable area is around 1.2 million m².