Sponda Plc Press release 17 Jan 2008, 14.00 Sponda's Vuosaari Harbour logistics complex tops out The PortGate logistics complex being built by Sponda has reached its full height in Vuosaari Harbour. The logistics complex, which will be completed towards the end of this year, will offer companies based in the harbour modern logistics premises that will streamline freight distribution. Vuosaari harbour will be Finland's largest general harbour. The harbour project is also unique by international standards, for a completely new freight harbour has not been built in Western Europe for a long time. The PortGate logistics complex comprises the gatehouse complex and a logistics area of 130,000 square metres, of which 70,000 square metres will be built in the first phase. The gatehouse complex will house the 13-storey PortGate office building, which will be a landmark in the harbour area, as well as a passenger terminal and parking for 460 cars. “The PortGate logistics complex is one of Sponda's largest projects, and it also demonstrates Sponda's activity in property development in the logistics sector. We are committed to leasing and developing the PortGate logistics complex on a long-term basis. The design of the premises takes into account the changing needs of companies, and all efforts are made to build the premises so that they best support the tenant's business,” stresses Sponda President and CEO Kari Inkinen. Construction project progressing on schedule The main frames of the four buildings in the logistics area have mainly been erected and work on their roofs has already started. The PortGate office building serving the whole harbour has also reached its full height. Functions to be located in the building include those of the Port of Helsinki and the customs, as well as the offices of companies operating in the harbour. About a quarter of the premises in the PortGate office building and in the logistics area have already been leased. The first phase of the logistics area and the gatehouse complex will be completed in November 2008, when the harbour will start operations. The second phase of the PortGate logistics complex will be completed in line with demand for logistics premises. Main architects are Professor Kai Wartiainen and Aki Alanko. Site planning and architectural design of the buildings are by Evata Finland Oy, and construction is by Lujatalo Oy. Picture material can be downloaded at www.portgate.fi >media >kuvapankki. Sponda Plc Further information Kari Inkinen, President and CEO, tel. +358 400-402 653 Pasi Viitaniemi, Senior Vice President, Logistics Properties, tel. +358 40-705 3716 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 2.4 billion euros and the leasable area is around 1.3 million m². www.sponda.fi, www.portgate.fi