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«On 19 December 2008, real estate investment company Sponda Plc announced the signing of an agreement to sell three logistics properties for altogether EUR 16.3 million to the Sponda Real Estate Fund II. Closing of the transaction took place today.
The properties being sold are located in Kuusankoski, Mikkeli and Oulu. They have a combined leasable area of some 16,000 square metres and are fully leased.
In this transaction Sponda is selling properties that are outside its strategic area. As stated in the company's strategy, Sponda is focusing on owning properties in the largest cities in Finland and Russia.
The Sponda Real EstateFund II mainly invests in logistics, warehouse and industrial properties in medium-sized towns in Finland. Sponda manages the fund and the properties owned by the fund, and has a minority holding in the fund.
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 2.9 billion euros and the leasable area is around 1.4 million m²» (CS della Società)
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