Real estate investor Sponda Plc has signed a binding agreement to sell real estate company Kluuvikatu 8 to a real estate equity fund managed by Exilion Capital Oy for approximately €42 million. 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.
The sale will not affect the financial result, and it is planned to complete the transaction by the end of August.
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.