Sponda
Sponda sells hotel property in centre of Helsinki for roughly MEUR 42
Sponda / News Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------- Sponda Plc Stock Exchange Release 3 July 2008 at 14:40 Sponda sells hotel property in centre of Helsinki for roughly MEUR 42 Real estate investor Sponda Plc has today signed a binding agreement to sell real estate company Kluuvikatu 8 to a real estate equity fund managed by Exilion Capital Oy for approximately EUR 42 million. The property, with a floor area of about 10,000 square metres, is rented under a long-term lease to Sokotel Oy and it houses Sokos Hotel Helsinki. The sale will not affect the financial result, and it is planned to complete the transaction by the end of August. In this transaction Sponda is selling a hotel property that is not in line with its current strategy. As stated in the company's strategy, Sponda focuses on owning office, retail and logistics properties. Leimdörfer acted as consultant for Sponda in this transaction. Sponda Plc Further information: Kari Inkinen, President and CEO, tel. +358 400 402 653 Sponda Plc is a real estate company specializing in commercial properties in the largest cities in Finland and in Russia. Sponda's business concept is to own, lease and develop office, retail and logistics properties into environments that promote the business success of its clients. The fair value of Sponda's investment properties is approximately EUR 2.7 billion euros and the leasable area is around 1.4 million m². News Source: NASDAQ OMX 03.07.2008 Financial News transmitted by DGAP ---------------------------------------------------------------------- Language: English Issuer: Sponda Finland Phone: Fax: E-mail: Internet: ISIN: FI0003009175 WKN: End of News DGAP News-Service ---------------------------------------------------------------------------
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