Finnish real estate investment company Sponda has purchased a 20-hectare land site in the Moscow region from Llc Bamo-Land for roughly EUR 6 mln. Sponda is planning to develop a 75,000 m[sup]2[/sup] A-class logistics facility on the site, which has already been granted planning permission. Construction is set to start in 2007. Sponda's land acquisition and project development consultant in the transaction is the Finnish company Fimera Oy ERMS.
Finnish real estate investment company Sponda has purchased a 20-hectare land site in the Moscow region from Llc Bamo-Land for roughly EUR 6 mln. Sponda is planning to develop a 75,000 m2 A-class logistics facility on the site, which has already been granted planning permission. Construction is set to start in 2007. Sponda's land acquisition and project development consultant in the transaction is the Finnish company Fimera Oy ERMS.
Sponda, the largest real estate investment company listed on the Helsinki Stock Exchange, specialises in commercial properties in the largest cities in Finland and Russia. The fair value of its investment properties is approximately just over EUR 2 bn and the leasable area is around 1.3 million m2.
