Objectives and measures: Property locations

Measures taken in 2015

In 2015, we continued to implement our strategy by increasingly focusing our property portfolio on prime areas and locations with good public transport links. In line with our objectives, we increased the proportion of shopping centres and office properties in our property portfolio by selling our logistics properties located in Vuosaari Harbour at the end of the year.

A further goal of ours is to divest our Russian business within 1–3 years. At the end of 2015, some 5 per cent (in terms of fair value) of Sponda’s properties were located in Russia.

The most significant investment project started in 2015 was the Ratina shopping centre, which is being developed by Sponda in Tampere’s central business district. Construction began in April 2015 and the shopping centre is expected to be completed by spring 2018. During the year, we also started the construction of retail space in Oulu for use by the sporting equipment shop XXL. The XXL retail property is being constructed in a prominent location in the Limingantulli commercial cluster.

In 2015, we completed the Estradi office building along the Kehä I ring road and Hämeenlinnanväylä, and an office complex consisting of three buildings in Helsinki’s Ilmala district.

Long-term objectives

  • Increasing the share of shopping centres and office properties in the company’s property portfolio
  • Developing the property portfolio by concentrating on prime areas and locations with good public transport links