Technopolis - Company Announcement

Technopolis Preparing Acquisition in Otaniemi

TECHNOPOLIS PLC      STOCK EXCHANGE RELEASE              October 11, 2013, at
1.10 p.m. 


Technopolis Preparing Acquisition in Otaniemi

Technopolis is preparing to acquire the Falcon Business Park in Otaniemi,
Espoo, (Falcon) Finland and is investigating the possibility to execute the
acquisition as a joint venture (JV) with a co-investor. The potential JV would
comprise Falcon as well as Technopolis' Innopoli campus in Otaniemi. 

The indicative purchase price for Falcon including taxes is estimated at EUR
77.5 million and the sellers are companies owned by a fund managed by Aberdeen
Asset Management. The deal is expected to be signed in October and to be closed
by the end of December 2013. 

Falcon is a modern, flexible, multiuser campus located right next to
Technopolis Innopoli. It comprises four buildings with a total rentable area of
26,300 square meters. The Falcon properties were completed 2007-2011 and the
complex has 700 parking spaces of which 500 in an underground parking facility.
Technopolis could also expand the campus organically using a land plot in its
possession adjacent to Falcon zoned for a total of 19,500 sqm of office space.
The initial yield on the Falcon campus is estimated at 7.4% and the stabilized
yield at 7.8%. The market yield is 7.0%. 

Falcon will be branded and operated as a Technopolis campus using the company's
standard business concept. The buyer will get a three year rental guarantee on
Falcon's vacant space from the sellers. The guarantee will raise the effective
financial occupancy rate to approximately 97% at the point of purchase and will
gradually decline during the guarantee period. 

Technopolis plans to integrate Falcon and Innopoli into a single 60,800 sqm
campus with a shared infrastructure, property management and services. The
company expects to create value by boosting occupancy, increasing service
revenues and through savings in real estate and facility management. In
addition, the development of Otaniemi, including a new metro connection in 2015
and the expansion of Aalto University, the leading academic campus in Finland,
will strengthen Otaniemi's position as one of the most attractive hot spots in
Finland. 

Technopolis Plc

Keith Silverang
CEO
Tel. +358 40 566 7785

Technopolis Plc is a listed real estate company that specializes in leasing
space and providing services. Its core business idea is to combine business
support services with modern, flexible, multi-user business environments. There
are approximately 26,000 people and almost 1,400 companies and organizations in
Technopolis premises in Finland, Russia, Estonia and Vilnius. The company's net
sales for 2012 totaled EUR 107.3 million and its EBITDA was EUR 55.8 million.
The Technopolis Plc share (TPS1V) is listed on NASDAQ OMX Helsinki. 


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www.technopolis.fi