Sponda buys properties in Helsinki Metropolitan Area for EUR 26 million
Finnish real estate investment company Sponda Plc has purchased a 58% ownership stake in the shares of Kiinteistö Oy Heimola at Yliopistonkatu 5, in the centre of Helsinki, from Oy RealInvest Ab for EUR 19.5 million. The contract price will be paid one year after the date of acquisition of the property, i.e. 30 June 2007. Sponda’s ownership stake covers the retail and office premises of Floors 1, 2 and 3 of the property, plus the basement which has, for example, restaurant premises. Part of the office premises of the Heimola property will be developed and this renovation will lead to a significant improvement for example in the functionality and accessibility of the business premises of Floor 2.
Sponda has purchased an office and warehouse property at Hannuksentie 1 in Suomenoja, Espoo for EUR 4 million. The property's leasable area is 3,753 m², and the plot includes an unused building rights of 2,058 m². The site is fully leased, and the proeprty was completely renovated in 2003.
In addition, Sponda has purchased a 3,200 m2 logistic and retail property at Henrik Forsiuksen tie 39 at Suutarila, Helsinki, from the office fittings company Pa-Ri Materia Oy for EUR 2.4 million. The property, which was built in 1988, is fully leased.
Sponda Plc
For further details contact:
Kari Inkinen, President and CEO, Sponda Plc, tel. +358 9 6805 8202, GSM + 358 400 402 653
Sponda Plc is a real estate investment company specializing in commercial properties in the Helsinki Metropolitan Area. Sponda’s business concept is to own and develop office, retail and logistic properties into environments that promote the business success of its clients. The market value of Sponda’s investment properties is approximately EUR 1.26 billion and the lettable area is 840,000 m2. Sponda is the largest real estate investment company listed on the Helsinki Stock Exchange.
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