Sponda Plc: Ratina shopping centre in central Tampere reaches rooftop height

Sponda Plc: Ratina shopping centre in central Tampere reaches rooftop height

ID: 541782

(Thomson Reuters ONE) -


Sponda Plc                                           Press
release                        11 May 2017 at 11:00 a.m.

Ratina shopping centre in central Tampere reaches rooftop height

The Ratina shopping centre, which is being developed by Sponda and will open in
central Tampere in spring 2018, is holding its topping out ceremony today. The
largest shopping centre in Tampere will include approximately 53,000 square
metres of retail and service premises with more than 150 businesses.

"The construction of Ratina started in spring 2015, and it has progressed
according to schedule. In one year, we get to celebrate the opening of our
largest property development project to date. The shopping centre will be a
diverse hub for recreation and entertainment in the Pirkanmaa region," says Kari
Inkinen, President and CEO at Sponda.
The landmark of the shopping centre is a 45-metre Periscope that overlooks a
splendid view of the Tammerkoski rapids and the city centre. Ratina will also
have modern parking facilities for 1,215 cars.  Due to its central location,
Ratina is easily accessible by foot, bicycle, car or public transportation.

The total investment in the project is around EUR 240 million and, by the end of
March, the investments totalled approximately EUR 124 million. The pre-let rate
for the new shopping centre section is approximately 58 per cent. The Ratina
complex includes two properties intended mainly for use as office and service
premises that will be renovated. The pre-let rate for the whole complex now
stands at approximately 47 per cent.

Ratina attracts new businesses to Pirkanmaa
The Ratina shopping centre will house both well-known brands and entirely new
businesses that do not yet operate in Tampere. The aim is to build the most
extensive mix in Ratina, Pirkanmaa. The shopping centre will have 17,000 square




metres of fashion shops, a 6,000 square metres of cafes and restaurants, two
large grocery stores, several shops for household and leisure goods, and beauty
and well-being services. In addition to the extensive range of services and
restaurants, the shopping centre is also an excellent venue for holding
different events and performances.

"The shopping centre and the surrounding areas offer a prime setting for a range
of leisurely activities, shopping and events. We want to be part of creating a
new urban culture in Tampere. We have started negotiations with several
potential co-operation partners in order to make our event offering as diverse
as possible," says Mervi Ahola, Shopping Centre Manager at Ratina.

In the Ratina project, the minimising of environmental impacts has been taken
into account already at the construction stage and all the electricity used on
site is renewable. The cooling of the shopping centre will utilise the cool
water masses that flow through Ratina Bay, and the heat generated by the
refrigeration equipment of shops will be utilised in heating the property. Warm
air that has circulated through the interior of the shopping centre will be used
to heat the parking facilities. The planning stage of the shopping centre has
been certified with a BREEAM® Very Good environmental certificate. Certification
work will continue during the construction stage.

In addition to Ratina, Sponda owns five other shopping centres in Finland. The
total leasable area in the shopping centres is around 202,000 m(2) and they are
located in the Helsinki, Tampere and Oulu regions.


Sponda Plc


Additional information: Kari Inkinen, President and CEO, +358 (0)400 402 653



Sponda Plc is a property investment company specialising 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 centres into
environments that promote the business success of its clients. The fair value of
Sponda's investment properties is approximately EUR 3.8 billion and the leasable
area is around 1.2 million m(2).


Ratina_2:
http://hugin.info/120082/R/2103808/798175.jpg

Ratina_1:
http://hugin.info/120082/R/2103808/798174.jpg

Ratina_3:
http://hugin.info/120082/R/2103808/798176.jpg



This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: Sponda Oyj via GlobeNewswire




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Bereitgestellt von Benutzer: hugin
Datum: 11.05.2017 - 10:00 Uhr
Sprache: Deutsch
News-ID 541782
Anzahl Zeichen: 5043

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