TECHNOPOLIS PLC INVESTOR NEWS September 15, 2017 at 1:30 p.m.
Technopolis Closed a Plot Acquisition in Vilnius, Enables Organic Growth in the Coming Years
In April 2017, Technopolis acquired an office building under construction neighboring its own campus in Ozas area in Vilnius, Lithuania. In connection with the acquisition, the company signed a sale and purchase agreement to acquire a neighboring land plot with expansion potential of at least 20,000 square meters. The plot acquisition was closed today.
Technopolis announced the acquisition on April 6, 2017. As then announced, the total investment including the office property amounts to 32 million euros. Acquisition is financed with the company’s own liquid funds. The seller of the plot was ICOR Group.
Technopolis Plc
Additional information:
Keith Silverang
CEO
Tel. +358 40 566 7785
Technopolis provides the best addresses for success in six countries in the Nordic-Baltic region. The company develops, owns and operates a chain of 20 smart business parks that combine services with flexible and modern office space. The company’s core value is to continuously exceed customer expectations by providing outstanding solutions to 1,700 companies and their 50,000 employees in Finland, Sweden, Norway, Estonia, Russia and Lithuania. The Technopolis Plc share (TPS1V) is listed on Nasdaq Helsinki.