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| Sponda builds production premises for Metso in Hakkila, Vantaa Sponda Plc, a real estate investment company specializing in commercial properties in the largest cities in Finland and in Russia, and Finland's Metso Automation Inc. have signed an agreement for production premises to be built in Hakkila, Vantaa. The new building, with a floor area of some 22,000 square metres, will be erected beside the Honkatalo logistics centre owned by Sponda at Vanha Porvoontie 229 in Vantaa. The new building will be leased in its entirety to Metso Automation's business line with a long-term, 15 year lease. Sponda is also leasing to Metso some 12,000 square metres of office and warehouse premises in the Honkatalo office building next to the new building. Almost the entire office building will be occupied by Metso. Overall costs for Sponda for the investment are estimated at about EUR 40 million, and this will be financed by the sale of property. Construction work on the new building is expected to begin in January 2010, and the project should be completed by the end of 2010. The new build investment meets the profitability targets set by Sponda for its development projects. Metso Automation is transferring to the business premises in the Honkatalo area its business operations currently in the Roihupelto district of Helsinki, including those in the production property in the Tulppatie road owned by Sponda. write your comments about the article :: © 2009 Construction News :: home page |