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Sponda Plc purchases an office property in central Tampere

Sponda Plc        
Stock exchange release        
11 July 2014 at 2:30 p.m.

Sponda Plc purchases an office property in central Tampere

The property investment company Sponda Plc has purchased an office property located in central Tampere, at Åkerlundinkatu 11 A-D, from UBS Real estate Kapitalanlagegesellschaft mbH, Munich for EUR 63.7 million. The net initial yield for the property is approximately 7%.  The property transaction strengthens Sponda’s strategic property ownership in the Tampere city centre.

The size of the property is approximately 20,000 m² and it consists of four office buildings completed in 2008-2009. In addition the buildings have indoor parking for 308 cars. The property is currently almost fully occupied (occupancy rate 97%), with a total of 19 companies and organisations as tenants.

Located in the immediate vicinity of the Tampere Railway Station, the property has excellent public transport links. The central location also means that the diverse services of central Tampere are all conveniently accessible.

The property has a strong emphasis on environmentally sound solutions. In May 2014, the building was granted LEED Gold environmental certification (Existing buildings: Operations and Maintenance). The objective of the certification is to minimise the building’s environmental impact during use. With the completion of the transaction, the property will be included in Sponda’s Energy Efficiency Program aimed at reducing the environmental load of the property in co-operation with its users.

Sponda Plc

Additional information: Kari Inkinen, President and CEO, tel. +358 400 402 653

Sponda Plc is a property investment company specialising in commercial properties in the largest cities in Finland. Sponda’s business concept is to own, lease and develop retail and office properties and shopping centres into environments that promote the business success of its clients. The fair value of Sponda’s investment properties is approximately EUR 3.3 billion and the leasable area is around 1.4 million m².