• Castrum Oyj is acquired by Sponda
  • Makkaratalo (Citycenter) building is purchased by Sponda in its entirety
  • According to its strategy, Sponda sells its properties outside of the capital region worth less than 10 million Finnish marks


  • Warehouse and industrial properties form the company’s new Logistics Properties unit


  • Sponda sells the Itäkeskus shopping centre
  • Strategic focus of operations shifts more toward the customer and toward operations occurring on the premises


  • Sponda purchases the Hermes property located on Aleksanterinkatu in Helsinki
  • The first new addition to the Citycenter, with its tunnel level, is completed


  • Proportion of Sponda that is state-owned decreases to 34.5 per cent


  • Kari Inkinen begins as Sponda’s President and CEO on 1 June
  • Strategy is renewed, including expansion of operations to Russia and the Baltic states
  • Two new business units are founded: Property Development and Russia and the Baltic Countries


  • Sponda acquires Kapiteeli Oyj from the State of Finland, becoming one of the largest property investment companies in the Nordic countries
  • The first property funds, First TopLux Co and Sponda Fund I, are founded
  • The first phase of the renewal of the Citycenter begins
  • Sponda purchases its first property in Russia


  • Division of business units is reformed
  • Sponda opens an own office in St. Petersburg
  • Russia operations are broadened with the purchase of three office buildings and two plots of land
  • Sponda sells properties not aligned with its strategy for EUR 400 million


  • Sponda opens its second Russian office in Moscow
  • The Sponda Fund II property fund is founded
  • The logistics centre at Vuosaari Harbour is completed, along with a record number of other Sponda property development projects


  • Sponda’s operations are divided into four business units: Investment Properties, Property Development, Russia and Real Estate Funds.
  • The strategy is renewed, including elimination of the property market in the Baltic Countries as a strategic target. Moderate growth is set as a short-term target.