Sponda Plc Stock exchange release 6 July 2016 at 11:30 a.m.
Sponda to sell a shopping centre in Moscow
The property investment company Sponda Plc is selling the Solnechniy I shopping centre situated in Moscow to LLC IT Development at a price of approximately USD 11 million, corresponding to the property's fair value at the end of June.
Completed in 2004, the Solnechniy I shopping centre is located in West Moscow. The shopping centre has approximately 9,000 square metres of leasable retail space.
The agreed sale of the Solnechniy I shopping centre is a part of Sponda's strategy to sell its property in Russia.
Sponda Plc
Additional information: Kari Inkinen, President and CEO, +358 (0)400 402 653
Sponda Plc is a property investment company that specialises in commercial properties in the largest cities in Finland. Sponda’s business concept is to own, lease and develop retail and office properties and shopping centres into environments that promote the business success of its clients. The fair value of Sponda’s investment properties is approximately EUR 3.7 billion and the leasable area is around 1.2 million m2.