Technopolis - Company Announcement

Technopolis to Expand Ruoholahti Campus

TECHNOPOLIS PLC          STOCK EXCHANGE RELEASE       June 9, 2016 at 2:30 p.m.

Technopolis to Expand Ruoholahti Campus

Technopolis will invest EUR 33.2 million in the expansion of its Ruoholahti
campus in Helsinki. The expansion is due for completion in July 2018. 

“This investment is an important part of our growth strategy in the Helsinki
metropolitan area”, says Keith Silverang, CEO of Technopolis. “Our occupancy
rate in Ruoholahti is currently 97.4% and we want to offer flexibility and
growth opportunities both for our existing customers, and newcomers. The
expansion will also improve the efficiency of our existing campus services by
boosting the scale of our operations around the existing service
infrastructure.” 

Technopolis has signed a long lease agreement with an anchor company for the
new building. The pre-let rate for the expansion is 37% and it has a rentable
office area of 9,900 m². The expansion also includes 115 parking spaces. The
net initial rental yield of the expansion is estimated at 5.8% and the
stabilized yield at 6.6%. The appraisers have assigned a market yield
requirement of 5.9% to the new building. 


Technopolis Plc

Keith Silverang
CEO
Tel. +358 40 566 7785

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.