Helsinki-based real estate company Sponda has increased its holding in property management firm Ovenia from 51% to 70%. Sponda said it intends to further develop and expand Ovenia's business. Ovenia had a net turnover of EUR 8 mln in 2006 and manages 5.5 million m[sup]2[/sup] of property in Finland. Sponda, whose investment portfolio is valued at around EUR 2.3 bn, acquired the additional shares from Varma Mutual Pension Insurance, Kaleva Mutual Insurance, Sampo and Sampo Life Insurance.

Helsinki-based real estate company Sponda has increased its holding in property management firm Ovenia from 51% to 70%. Sponda said it intends to further develop and expand Ovenia's business. Ovenia had a net turnover of EUR 8 mln in 2006 and manages 5.5 million m2 of property in Finland. Sponda, whose investment portfolio is valued at around EUR 2.3 bn, acquired the additional shares from Varma Mutual Pension Insurance, Kaleva Mutual Insurance, Sampo and Sampo Life Insurance.