Sponda - Company Announcement

Sponda sold land areas in Helsinki Metropolitan Area

Sponda Plc     Stock Exchange Release         10 February 2016 at 1:40 pm



Sponda sold land areas in Helsinki Metropolitan Area

Property investment company Sponda Plc has sold land areas in the Vermo
district of Espoo, to Etera Mutual Personal Insurance Company and Suomen
Asunnot ja Tontit I Ky. NCC Construction Ltd, Housing owns the housing
construction rights for the area. 

Suomen Asunnot ja Tontit I Ky invests in residential plots and housing in
Finland. The associates of Suomen Asunnot ja Tontit I Ky are Finnish
institutions HYPO (Mortgage Society of Finland), Pension Foundation of Orion,
Pension Fund of Valio, Seafarer’s Pension Fund, Pension Foundation of YLE
(Finnish Broadcasting Company), Pharmacy Pension Fund Finland, Finnish
Construction Trade Union, Pension Fund Verso and Veritas Pension Insurance. 

The purchase price was about EUR 23.2 million, and Sponda will record a profit
of approximately EUR 11.2 million from the transaction. 

In this transaction Sponda has sold land areas that are planned for use in
housing production and therefore do not fit in with Sponda’s strategy. In
accordance with the company’s strategy, Sponda focuses on owning office and
retail properties. 



Sponda Plc



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



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 1.1 million m².