Sponda - Company Announcement

Sponda Plc purchases an office property in central Tampere

Sponda Plc         Stock exchange release         11 July 2014 at 2:30 p.m.

Sponda Plc purchases an office property in central Tampere

The property investment company Sponda Plc has purchased an office property
located in central Tampere, at Åkerlundinkatu 11 A-D, from UBS Real estate
Kapitalanlagegesellschaft mbH, Munich for EUR 63.7 million. The net initial
yield for the property is approximately 7%.  The property transaction
strengthens Sponda's strategic property ownership in the Tampere city centre. 

The size of the property is approximately 20,000 m² and it consists of four
office buildings completed in 2008-2009. In addition the buildings have indoor
parking for 308 cars. The property is currently almost fully occupied
(occupancy rate 97%), with a total of 19 companies and organisations as
tenants. 

Located in the immediate vicinity of the Tampere Railway Station, the property
has excellent public transport links. The central location also means that the
diverse services of central Tampere are all conveniently accessible. 

The property has a strong emphasis on environmentally sound solutions. In May
2014, the building was granted LEED Gold environmental certification (Existing
buildings: Operations and Maintenance). The objective of the certification is
to minimise the building's environmental impact during use. With the completion
of the transaction, the property will be included in Sponda's Energy Efficiency
Program aimed at reducing the environmental load of the property in
co-operation with its users. 



Sponda Plc


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



Sponda Plc is a property investment company specialising 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 3.3 billion and the
leasable area is around 1.4 million m².