Sponda sells hotel property in centre of Helsinki for roughly MEUR 42


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.