October 29th, 2007
Sponda purchases office property in Moscow for USD 47.5 million
Real estate investment company Sponda Plc has purchased an office property that is under construction for USD 47.5 million from Plazmexon Investments Ltd. The property is located in the centre of Moscow, close to excellent transport connections, at Prospekt Mira 6. The premises will have a total of 3,025 m? of leasable office space and parking space for 54 cars. Sponda is engaged in initial negotiations with various potential tenants. The building will be completed by the end of 2007.
About Nokia Siemens Networks
Sponda Plc is a real estate company specializing in commercial properties in the largest cities in Finland and in 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 2.3 billion euros and the leasable area is around 1.3 million m?. Sponda is the largest real estate investment company listed on the Helsinki Stock Exchange.
Sirpa Sara-aho, Senior Vice President, Russia and the Baltic Countries, tel. +358 50 324 1273.
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