Finnish real estate company Sponda has closed a deal to buy an office property in the centre of Moscow. The building, still under construction on Prospekt Mira, was bought from Plazmexon Investments for EUR 33 mln and will have a total leasable office space of 3,025 m[sup]2[/sup]. It is scheduled for completion at the end of the year. Negotiations are underway with potential tenants.
Finnish real estate company Sponda has closed a deal to buy an office property in the centre of Moscow. The building, still under construction on Prospekt Mira, was bought from Plazmexon Investments for EUR 33 mln and will have a total leasable office space of 3,025 m2. It is scheduled for completion at the end of the year. Negotiations are underway with potential tenants.
Sponda is the largest real estate investment company listed on the Helsinki Stock Exchange and specialises in commercial properties in the largest cities in Finland and Russia. Its Russian arm extended its reach earlier this year when it acquired three office properties in St. Petersburg, as well as a site for logistics facilities nearby and a land-site for an industrial park in the Moscow region. The Helsinki-based firm’s investment properties are currently valued at over EUR 2.3 bn.
