Blackstone has also bought Sponda´s 38 percent share of Certeum.

Following the transaction Varma's ownership in Certeum will be circa 19.5%.

The completion is conditional upon an approval being obtained from the competition authorities.

Varma co-founded Certeum in 2014 together with Sponda Plc, The State Pension Fund, Sponda Fund I, Sponda Fund II and Sponda Fund III. Certeum is a logistics and industrial property investment company, which started its operations in September 2014. Certeum specialises in owning, leasing and developing logistics and industrial properties. The 122 logistics and industrial properties owned by Certeum are mainly located in the biggest cities in Finland. The value of Certeum's property assets is € 895.6 M and the leasable area is approximately 1.3 million sqm as of 30 June 2015.