NCC Construction Ltd, Housing owns the housing construction rights for the area.

Suomen Asunnot ja Tontit I Ky invests in residential plots and housing in Finland. The associates of Suomen Asunnot ja Tontit I Ky are Finnish institutions HYPO (Mortgage Society of Finland), Pension Foundation of Orion, Pension Fund of Valio, Seafarer’s Pension Fund, Pension Foundation of YLE (Finnish Broadcasting Company), Pharmacy Pension Fund Finland, Finnish Construction Trade Union, Pension Fund Verso and Veritas Pension Insurance.

The purchase price was about EUR 23.2 million, and Sponda will record a profit of approximately EUR 11.2 million from the transaction.

In this transaction Sponda has sold land areas that are planned for use in housing production and therefore do not fit in with Sponda’s strategy. In accordance with the company’s strategy, Sponda focuses on owning office and retail properties.