TECHNOPOLIS PLC STOCK EXCHANGE RELEASE November 1, 2013 at 11:30 a.m.
Technopolis Closes First Part of Falcon Campus Acquisition
Technopolis has today closed the acquisition of the first part of the Falcon Business Park (Falcon) in Otaniemi, Espoo. The seller is a company owned by a fund managed by Aberdeen Asset Management. Technopolis announced the signing of the agreement on October 25, 2013.
The total investment, including asset transfer tax, is EUR 77.5 million. The share of the first part now concluded is EUR 38.5 million, and it concerns 13,600 sqm of rentable space. The second part of the deal is expected to be completed by the end of 2013. The acquisition will be financed using Technopolis’ existing credit facilities.
Additional information on the campus: www.technopolis.fi/falcon-en
tel. +358 40 566 7785
Technopolis Plc is a listed real estate company that specializes in leasing space and providing services. Its core business idea is to combine business support services with modern, flexible, multi-user business environments. There are approximately 26,000 people and almost 1,400 companies and organizations in Technopolis premises in Finland, Russia, Estonia and Vilnius. The company’s net sales for 2012 totaled EUR 107.3 million and its EBITDA was EUR 55.8 million. The Technopolis Plc share (TPS1V) is listed on NASDAQ OMX Helsinki.
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