Finnish real estate investment company Sponda has signed a binding agreement to sell a retail and office property located in the centre of Espoo to Tapiola KR III Ky property fund for EUR 28.3 mln. The Tapiolan Toimitalo property contains 5,000 m[sup]2[/sup] of retail premises and 2,300 m[sup]2[/sup] of offices. Sponda is recording a capital gain of approximately EUR 9 mln on the sale, which is to be finalised by the end of October.
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