Sanoma sells real estate located in Vantaa
Sanoma Corporation, Stock Exchange Release, 17 January 2014 at 14:00 CET+1
Sanoma has sold its Sanomala printing facility and office properties located in Martinlaakso, Vantaa as well as office and production properties located in Koivuvaara, Vantaa to Swedish AB Sagax. Sanoma will remain as a lessee in the properties, with a long-term contract regarding the Sanomala facility.
The total value of the transactions is around EUR 65 million. As a result of the transaction in Koivuvaara, Sanoma will book in the fourth quarter of 2013 a non-recurring capital loss of around EUR 5 million. The sale of Sanomala will result in a non-recurring capital gain of some EUR 38 million to be booked in the first quarter of 2014.
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