SPONDA BUYS 3 CENTRAL HELSINKI PROPERTIES FROM ELISA FOR 25.5 MEUR


The former head office of Elisa Corporation at Korkeavuorenkatu 35 has a total leasable area of approximately 2,500 m2. The leasable area of Korkeavuorenkatu 37 is around 3,200 m2 and of Kasarmikatu 36 roughly 5,000 m2, giving a total leasable area of some 11,000 m2. The office space in Korkeavuorenkatu 37 and Kasarmikatu 36 is already let. Sponda intends to renovate the currently unoccupied building at Korkeavuorenkatu 35 respecting its historical heritage. The telecoms facilities in the buildings are still rented to Elisa.
 
The granite building at Korkeavuorenkatu 35 was designed by Lars Sonck and completed in 1905. The adjacent office building at Korkeavuorenkatu 37, designed by architect Raoul Lehmann, was completed in 1967. The building at Kasarmikatu 36 is likewise the work of Lars Sonck and completed in 1935.
 
Sponda Plc is a property investment company specializing in business premises in the Helsinki metropolitan area. Sponda's business concept is to create operating environments that promote the success of its clients. Sponda's property portfolio has a book value of approx. 1.0 billion euros and a total leasable area of about 800,000 m2. Sponda is the largest real estate investment company on the Helsinki Stock Exchange.