Technopolis - Company Announcement

Technopolis Closed Gothenburg Acquisition

TECHNOPOLIS PLC              STOCK EXCHANGE RELEASE            July 1, 2016 at
2:30 p.m. 

Technopolis Closed Gothenburg Acquisition

Technopolis has today completed the acquisition of an office campus in the
Gårda district of Gothenburg in Sweden. The company announced the signing of
the deal on May 24, 2016. 

The debt-free purchase price was SEK 1,177 (ca. EUR 126.6) million. In
addition, Technopolis agreed with the seller on an additional purchase price of
approximately SEK 20 (EUR 2.1) million based on the realization of expansion
potential on the campus. The net initial yield for the campus is expected to be
5.0% and the stabilized yield 6.0%. The deal includes an NOI guarantee until 31
December 2017. 

The Gårda campus will be reported as part of Technopolis’ Scandinavia segment.
The impact of the acquisition is expected to be approximately +EUR 3.8 million
on net sales and approximately +EUR 3.1 million on EBITDA in 2016. The company’
s future outlook remains unchanged in the aftermath of the deal. 

In this release the Company has used a foreign exchange rate of EUR/SEK 9.30
which also applies to the net sales and EBITDA estimates. 

For further information about the campus please visit:
http://www.technopolis.fi/en/garda/ 

Technopolis Plc

Additional information:

Keith Silverang
CEO
Tel. +358 40 566 7785

Otso Halsti
Group Investment Officer
Tel. +358 40 763 8083


Technopolis provides the best addresses for success in five countries in the
Nordic-Baltic region. The company develops, owns and operates a chain of 20
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 1,700 companies and their 47,000
employees in Finland, Norway, Estonia, Russia and Lithuania. The Technopolis
Plc share (TPS1V) is listed on Nasdaq Helsinki.