Technopolis
Company Announcement
Technopolis Executes Tohloppi Acquisition Deal in Tampere
TECHNOPOLIS PLC STOCK EXCHANGE RELEASE October 17, 2012 at
4.30 p.m.
Technopolis Executes Tohloppi Acquisition Deal in Tampere
Technopolis and Yleisradio (Finland’s national public broadcasting company -
Yle) have signed a contract to acquire the Yle Tohloppi complex in the Finnish
city of Tampere. The total investment is approximately EUR 23.3 million,
including a 4% transfer tax. The acquisition is expected to increase
Technopolis’ 2012 net sales by approximately EUR 0.9 million, its EBITDA by
approximately EUR 0.5 million and its operating profit by approximately EUR 0.3
million.
Yle and the Tampere University of Applied Sciences (TAMK) will stay on as
tenants with 20 year leases. For the first two years the minimum occupancy rate
will be 100%. After that the minimum occupancy rate will decrease gradually to
81.4% in year 11 of the lease where it will remain until the lease ends in
2032. The goal of the parties is to fill freed up space with new media
customers and create a dynamic multimedia campus. So far, 40 companies have
signed expressions of interest in the campus.
The campus land plot is owned by the City of Tampere with a 50 year lease that
has been transferred to Technopolis as part of the deal. Its size is 85,000 sqm
and rentable space is approximately 32,000 sqm. The land has approximately
15,000 sqm in building rights.
Technopolis Plc
Keith Silverang
CEO
Tel. +358 40 566 7785
Distribution:
NASDAQ OMX Helsinki
Main news media
www.technopolis.fi
https://newsclient.omxgroup.com/cdsPublic/viewDisclosure.action?disclosureId=525618&messageId=646375