Sponda sells office building in Turku for EUR 15 million


Sponda Plc		Stock Exchange Release 	27 September 2010 at 12:25 pm

Sponda sells office building in Turku for EUR 15 million 

Real estate investment company Sponda Plc has sold an office building in the
centre of Turku at Kauppiaskatu 9 B for some EUR 15 million to real estate
counsellor Heikki Vaiste. The property, with about 7,300 square metres of
leasable premises, contains retail premises as well as offices. 

Selling the property is part of Sponda's active development of its property
portfolio, recycling assets to improve the value of the company's property
portfolio and its yield potential. 

The funds obtained from the sale will be used to finance Sponda's current
property development projects. Sponda is recording capital gains of some EUR 1
million on the sale. 


Sponda Plc 


Further information: 
Pia Arrhenius, Senior Vice President, Corporate Communications and IR, Sponda
Plc, tel: +358 40 527 4462 



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. Sponda's investment
properties have a fair value of approximately EUR 2.8 billion euros and a
leasable area of around 1.5 million square metres.