Finnish real estate investment company Sponda has signed a binding agreement to sell a retail and office property located in the centre of Espoo to Tapiola KR III Ky property fund for EUR 28.3 mln. The Tapiolan Toimitalo property contains 5,000 m[sup]2[/sup] of retail premises and 2,300 m[sup]2[/sup] of offices. Sponda is recording a capital gain of approximately EUR 9 mln on the sale, which is to be finalised by the end of October.
Finnish real estate investment company Sponda has signed a binding agreement to sell a retail and office property located in the centre of Espoo to Tapiola KR III Ky property fund for EUR 28.3 mln. The Tapiolan Toimitalo property contains 5,000 m2 of retail premises and 2,300 m2 of offices. Sponda is recording a capital gain of approximately EUR 9 mln on the sale, which is to be finalised by the end of October.
Additionally, the company has signed an agreement for a three-year syndicated loan of EUR 150 mln with lead bank Skandiska Enskilda Banken as well as other participants Danske Bank, Helskinki Branch, Pohjola Bank, Ilmarinen Mutual Pension Insurance Company.
