Alma Media Redeems an Office and Production Facility in Tampere

Finland — Alma Media has a currently effective lease agreement with DNB Bank ASA on the office and production facility at Patamäenkatu 7 in Tampere. On 24 October 2016, Alma Media announced to use the interruption option included in the agreement and redeeming the property. The acquisition will be financed and the property recorded on Alma Media’s balance sheet in October 2017 and the value of the transaction is EUR 14.5 million.

2016-11-03

The excluded rental expenses from this deal and the depreciations arising from it are approximately of the same size. The rental commitment related to the lease agreement is discussed in Alma Media’s liabilities. The property is the old office and printing facility of Aamulehti, and it is currently fully rented out. The lease ratio of the property is 80 per cent. The gross leasable area of the property is 18,500 sqm.

Axel Ohlsson

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