Areim and Blackstone make a recommended all cash offer for Sponda
5 June 2017Today Areim and Blackstone announced a recommended all cash tender offer for Sponda.
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Therese Rattik, CEO Areim, comments:
“This is a unique opportunity for Blackstone and Areim to invest in a high-quality commercial real estate business in Finland. We believe in the Finnish market; the economy is once again on a growth track and we are impressed by the country’s entrepreneurship and creativity. We intend to make significant investments in order to take care of these properties and develop them to cater to the future needs of clients. We have co-operated with Blackstone for 15 years in the Nordics and are confident we can contribute to the business’s future growth.”
The Board of Directors of Sponda has unanimously decided to recommend the tender offer. Shareholders representing approximately 46.9% of the shares in Sponda have, subject to customary conditions, irrevocably undertaken to accept the tender offer.
For full information about the proposed transaction, click here ›
Sponda in brief:
Sponda is a property investment company specializing in commercial properties in the largest cities in Finland. Sponda’s business concept is to own, lease and develop retail and office properties and shopping centers. As at March 31, 2017, the fair value of Sponda’s investment properties was approximately EUR 3.8 billion and the leasable area was approximately 1.2 million square meters.
About Areim:
Areim was founded in 2003 and is a real estate fund manager and advisory firm with offices in Stockholm and Helsinki. Areim’s organization has extensive experience in acquiring, developing and managing real estate to create high quality premises and assets. Areim creates unique concepts, and delivers profitability for customers, partners and investors through own financing and customer-oriented working methods. Read more at www.areim.com.
Contact
Name: Leif Andersson
Phone: +46 70 454 65 20
E-mail: leif.andersson[a]areim.se
Name: Therese Rattik
Phone: +46 70 454 65 24
E-mail: therese.rattik[a]areim.se