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Sponda to sell the properties in Vuosaari harbour

Sponda Plc           
Stock Exchange Release,
11 November 2015, at 5.15 p.m.

Sponda to sell the properties in Vuosaari harbour

Sponda Plc has signed today a sale and purchase agreement concerning the sale of Vuosaari harbour assets, including Vuosaaren Logistiikkakeskus Koy, Vuosaaren Porttikeskus Koy ja Vuosaari Service Center Koy, to Tellurium Investment S.à r.l., a company affiliated to Blackstone Real Estate Partners Europe IV.

The sales price is approximately EUR 100 million which corresponds to the fair value of the properties on 30 September 2015. The purchase price is subject to customary adjustments. The sale is expected to be completed by the 16th of December 2015.

The properties in Vuosaari harbour, constructed by Sponda, consist of 65,000 square metre of logistics area, 15,000 square metre Porttikeskus and 4,300 square metre Vuosaari Service Center.

The agreed sale of the assets is part of the implementation of Sponda’s strategy and in accordance with Sponda’s plans to sell its logistics portfolio.

Sponda Plc

The Board of Directors

Additional information:
Kari Inkinen, President and CEO, tel. +358 400 402 653
Pia Arrhenius, SVP, Corporate Planning and IR, tel. +358 40 527 4462

Sponda Plc is a property investment company specializing 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 3.2 billion and the leasable area is around 1.2 million m².