Property locations

Sponda takes environmental considerations into account in deciding on the locations for its property investments. Our properties are in key areas in major cities and in locations easily accessible by public transportation, which helps reduce the environmental impacts of the properties during their use.

The key aspects of the priority are:

  • Taking environmental aspects into account in making decisions on property investments
  • Focusing on properties located in cities, accessible by public transportation
  • Concentrating on prime areas
  • Investments in property assets

Why is this a priority?

The central location of our properties is a key strategic choice for us: our properties are in central and growing areas in the Helsinki metropolitan area and Tampere, in locations with good public transport links. Approximately 93 per cent of our properties are located in these areas. Correspondingly, we aim to divest those of our properties located in sparsely populated and peripheral areas. In line with our strategy, we are focusing our property ownership on shopping centres and office properties.

Our newly developed properties are located in already built-up areas with excellent public transport access, which reduces negative impacts on biodiversity. Environmental impact assessments are an integral part of most of our zoning and development projects. Our properties are not located in protected areas.

Sponda’s investment strategy is sustainable both financially and environmentally. Accessibility is an increasingly important factor in the decisions companies make regarding business premises. It is perceived as a way of supporting the mobility of customers and employees, as well as an opportunity to reduce emissions caused by commuting. Companies located in areas with high traffic flows also achieve a competitive advantage through greater visibility. In construction projects, we take into account the immediate environment of the building and the placement of the property in the surrounding urban structure.

The demand and rental levels for properties located in the central areas of cities are more stable, even in economically uncertain times.

Location is one of the criteria applied in the environmental certification of business properties. The BREEAM® and LEED® certification processes take into account not only the energy consumption of the building, but also factors such as public transport links and bicycle parking facilities.