Through its real estate funds, Sponda invests in office, retail and logistics properties located in medium-sized towns in Finland, outside the company’s core geographical operating area.

Sponda’s real estate funds for international and Finnish institutional investors provide an easy way to invest in real estate. The indirect form of investment releases the resources of investors, for Sponda manages its funds.

Sponda manages four real estate funds and has minority holding in three funds: Sponda Fund I, Sponda Fund II and First Top LuxCo.

Sponda Fund I invests in logistics properties outside the Helsinki metropolitan area. The target size was reached in the beginning of the year 2008. On 31 Dec 2011 the properties the fund owned had a fair value of EUR 182.0 million. Sponda owns 46 per cent of the fund.

Sponda Fund II mainly invests in logistics, warehouse and industrial properties in medium-sized towns in Finland. The fund has a target size for its real estate investments of about EUR 200 million and on 31 Dec 2011 the value of the property investments made by the fund stood at EUR 176.6 million. The fund will operate for seven years. Sponda has a 44 per cent holding in the fund. There are four other institutional investors in the fund.

First Top LuxCo specializes in office and retail premises. On 31 Dec 2011 the fund's property investments had a fair value of EUR 93.1 million. Sponda owns about 20 per cent of the fund.

Sponda also manages the property and assets of the WH 2005 / NIAM III East Holding Oy fund. The size of the fund is approximately EUR 142 million.