Pöyry PLC: Pöyry sells the Vantaa office real estate

Pöyry PLC: Pöyry sells the Vantaa office real estate

ID: 311467

(Thomson Reuters ONE) -


PÖYRY PLC                            Company Announcement
31 October, 2013 at 3:00 p.m. EEST

Pöyry has agreed to sell its Vantaa office real estate in Finland to Niam Nordic
Core Plus fund, managed by Niam AB. In the transaction Pöyry PLC and Niam AB
will sign a long-term lease agreement for the property. The whole transaction is
expected to be effective before the end of 2013.

Following the transaction, Pöyry's Vantaa office real estate and 50 % of the
shares in Martinparkki Oy, which owns the adjacent car park, will be owned by
Niam AB.

"When the property deal is completed, it will improve the profit after taxes for
2013 by about EUR 11 million and have a positive impact on our gearing ratio",
says Jukka Pahta, CFO, Pöyry PLC.

Johan Bergman CEO at Niam says, "This was an opportunity for us to acquire a
property with attractive and stable cash flows located next to the new airport
express train between the international airport and the city of Helsinki. We are
confident that the Helsinki office market is a very attractive investment market
that will continue to improve and grow".

PÖYRY PLC

Additional information from:
Jukka Pahta, CFO, Pöyry PLC
tel. +358 10 33 22629

DISTRIBUTION:
NASDAQ OMX Helsinki
Major media
www.poyry.com



This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: Pöyry Oyj via Thomson Reuters ONE
[HUG#1739632]






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Bereitgestellt von Benutzer: hugin
Datum: 31.10.2013 - 14:00 Uhr
Sprache: Deutsch
News-ID 311467
Anzahl Zeichen: 1994

contact information:
Town:

Vantaa



Kategorie:

Business News



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