Finnish real estate investor Sponda signed a binding agreement on Thursday to sell a hotel asset in the centre of Helsinki to a real estate equity fund managed by Exilion Capital for approximately EUR 42mln.
Finnish real estate investor Sponda signed a binding agreement on Thursday to sell a hotel asset in the centre of Helsinki to a real estate equity fund managed by Exilion Capital for approximately EUR 42mln.
The Sokos Hotel Helsinki property, with a floor area of about 10,000 m2, is let on a long-term lease to Sokotel. The sale is due to be concluded by the end of August, Sponda said in a statement.
Sponda added that it is selling the property as it no longer fits in with its strategy of focusing on office, retail and logistics properties. Leimdörfer acted as consultant for Sponda in this transaction.
