Skip to content
Skip to search

Property locations

Sponda takes environmental considerations into account in deciding on the locations for its property investments. Sponda’s property ownership is guided by the company’s strategic focus on central locations of cities and sites with good public transport links. This helps reduce the environmental impacts of the properties and supports the comprehensive sustainability of Sponda’s operations also from a financial standpoint.

Why is this a priority?

For Sponda, the central location of its properties is a key strategic choice. The company’s properties are in key areas in major cities and in locations with good public transport links. This strategy supports Sponda’s commitment to environmental responsibility.

Location is also one of the criteria applied in the environmental certification of business properties. The BREEAM® and LEED® certification processes take into account public transport links, bicycle parking facilities and the building’s energy source, which is also influenced by zoning.

Property locations as Sponda’s priority

The key aspects of the priority are:

  • Taking environmental aspects into account in making decisions on property investments
  • Focusing on properties located in cities, accessible by public transportation
  • Concentrating on prime areas

Sponda’s investment strategy is sustainable and responsible, not merely from an environmental standpoint, but also financially. The demand and rental levels for properties in low-risk prime areas are more stable, even in economically uncertain times. Most of the company’s investment properties are located in these areas. The investment strategy also supports the comprehensive sustainability of Sponda’s operations.

Objectives for 2011

  • Increasing the share of shopping centres and office properties in the company’s property portfolio
  • Developing the property portfolio by concentrating on prime areas and locations with good public transport links


Measures taken in 2011

In 2011, Sponda strengthened its property portfolio in a key strategic location by purchasing the Fennia office and retail block in Helsinki’s central business district. The purchase increased Sponda’s ownership of retail premises in Helsinki's central business district by 14,200 square metres and office space by 25,500 square metres.

Sponda also boosted its property ownership in central Tampere by purchasing the Kauppa-Häme retail and office property in early 2011. With the purchase, Sponda’s ownership of retail and office space in Tampere’s central business district is increased by 5,500 square metres. Following the conclusion of the purchase, Sponda began a comprehensive renovation of the property.

An important phase in the project to renovate the Citycenter property in Helsinki's central business district was completed in 2011. Construction was completed on a new office building with 4,200 square metres of floor space, located in the middle of the Citycenter block. Inside the shopping centre, a light well was completed, allowing 3,700 square metres of new commercial space to be taken into use. The new office building was granted LEED® Gold environmental certification.

Sponda increased its ownership share in the Zeppelin shopping centre in the Oulu region and the floor space was increased by 8,700 square metres in 2011. The expansion makes the shopping centre the largest in Northern Finland.

Read more about Sponda’s property portfolio.

Long-term objectives

  • Increasing the share of shopping centres and office properties in the company’s property portfolio
  • Developing the property portfolio by concentrating on prime areas and locations with good public transport links

 

Investment properites location