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2010-06-23 08:00:00 CEST 2010-06-23 08:00:55 CEST REGULATED INFORMATION Sponda - Company AnnouncementSponda sold land areas in Helsinki Metropolitan AreaSponda Plc Stock Exchange Release 23 June 2010 at 9:00 am Sponda sold land areas in Helsinki Metropolitan Area Property investment company Sponda Plc has sold a two hectare land area in the Hakuninmaa district of Helsinki to Skanska Talonrakennus Oy for some EUR 6.5 million. The piece of land at Hakuninmaantie Road 3 is part of the planned Kuninkaantammi residential area. Sponda recorded capital gains of about EUR 5.4 million on the sale. Sponda has also sold Skanska Talonrakennus Oy a land area that is planned for housing production in the centre of Kauniainen for EUR 3 million. Sponda recorded capital gains of EUR 2.9 million on this transaction. In these transactions Sponda has sold land areas that are planned for use in housing production and therefore do not fit in with Sponda's strategy, and the selling prices correspond to current market prices for housing land areas. In accordance with the company's strategy, Sponda focuses on owning office, retail and logistics properties. Sponda Plc Further information: Kari Inkinen, President and CEO, tel. +358 400 402 653 Sponda Plc is a real estate company specializing in commercial properties in the largest cities in Finland and 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. Sponda's investment properties have a fair value of approximately EUR 2.8 billion euros and a leasable area of around 1.5 million square metres. |
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