Skip to content
Skip to search

Business units in brief

Sponda is organised in four business units: Investment Properties, Property Development, Russia and Real Estate Funds.

Investment Properties

The Investment Properties business unit is divided into three segments: Office Properties, Shopping Centres and Logistics Properties. The Investment Properties unit leases office, retail, shopping centre and logistics premises as well as purchases and sells properties in Finland.

The office properties are primarily located in the Helsinki’s central business district (39%), the Helsinki metropolitan area (27%) and Tampere (7%). The shopping centres are located in Helsinki, the Tampere region and the Oulu region. The logistics properties are primarily located in the Helsinki metropolitan area.

As a result of a change in strategy, the company is planning to divest its entire logistics property portfolio as well as property ownership in Turku within three to five years.

2013 key figures

 

Office

Properties

Shopping

Centres

Logistics

Properties

Net operating income, M€ 105.7 33.2 25.9
Occupancy rate,% 90.1 89.0 75.2
Leasable area, m² 756,000 157,500 477,500
Share of total portfolio by fair value,% 53 23 13

Property Development

The Property Development business unit is responsible for the company’s property development projects in Finland. Business premises are developed by renovating properties in the portfolio, or developing new properties on land areas owned by Sponda.

2013 key figures
Investments, M€ 4.7
Balance sheet value of property development portfolio, M€ 108.2
Share of total portfolio by fair value,% 3

Unused land areas and potential property development sites are primarily located in the Helsinki metropolitan area.

Russia

Sponda’s Russia business unit leases, manages and develops business premises for use by companies and organisations. Sponda owns three office properties, two shopping centres, a logistics property and two land areas, all in the Moscow and St. Petersburg regions. As a result of the change in strategy, Sponda now plans to divest its Russian operations within the next three to five years.

2013 key figures

Net operating income, M€ 21.8
Occupancy rate,% 96.0
Leasable area, m² 44,500
Land areas, hectares 66
Share of total portfolio by fair value,% 8

Real Estate Funds

Through its real estate funds, Sponda invests in office, retail and logistics properties located in medium-sized Finnish towns, outside the company’s core geographical area. The focus of the company’s business operations shifted as a result of a change in strategy in 2013, and Sponda now plans to exit the Real Estate Funds business within the next three to five years.

2013 key figures  
Total revenue, M€ 6.8
Net operating income, M€ 5.2
Sponda's investments in the real estate funds, M€ 88.3

Properties are located in Finland's medium-sized cities like Jyväskylä, Lappeenranta and Hämeenlinna.