Sponda finalizes hotel property transaction (FI)

On 3 July 2008, real estate investment company Sponda announced the signing of an agreement to sell real estate company Kluuvikatu 8 to real estate equity fund managed by Exilion Capital Oy for approximately €42 million. Closing of the transaction took place yesterday.

The property, with a floor area of about 10,000 m², is rented under a long-term lease to Sokotel Oy and it houses Sokos Hotel Helsinki.

In this transaction Sponda is selling a hotel property that is not in line with its current strategy. As stated in the company's strategy, Sponda focuses on owning office, retail and logistics properties.

Source: Sponda

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