Office block being built by Sponda in Lautatarhankatu in Helsinki reaches full height

Sponda Plc			Press Release 	21 August 2008 at 14:15

Office block being built by Sponda in Lautatarhankatu in Helsinki reaches full
height 

The office block being built by real estate investment company Sponda Plc in
Kalasatama, Helsinki has reached its full height. The topping out ceremony for
the building at Lautatarhankatu 2 was held at the site on Thursday 21 August
2008. 

The five storey office block is being built on the plot of land where the old
state-owned margarine factory is located. The old factory building, built in
1924 originally for margarine production by the prison administration, is being
preserved alongside the modern office building. 

The office building, with a leasable floor space of roughly 9,200 square
metres, is fully leased. Tradeka Oy will move its head office to the new
premises in Lautatarhankatu Street, and the other main tenant will be TrygVesta
Forsikring A/S, which operates in Finland under the name Nordea General
Insurance. Construction, which began in August 2007, has progressed according
to plan and the building will be completed on schedule in December 2008.
Particular attention has been paid to the acoustics in the premises and to
noise suppression solutions, which have been designed in cooperation with the
tenants. 

The office building in Lautatarhankatu is one more element in the modern work
and residential area by the sea that is going up in the Kalasatama district.
Construction of Kalasatama in the Helsinki Business district, close to the
heart of the city, is one of the largest transformation processes underway in
the city, in which the old industrial and harbour area is being converted into
a centre for business premises offering jobs for 10,000 people. The services
offered by the city centre, the excellent transport connections and the
proximity of Kalasatama metro station add to the attraction of the area. 


Sponda Plc 


Further information: 
Joni Mikkola, Senior Vice President, Property Development, tel. +358 (0)40 518
1217 



Sponda Plc is a real estate company specializing in commercial properties in
the largest cities in Finland and 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 2.8 billion euros and the leasable
area is around 1.4 million m².