JLL advises Polar Bidco S.à.r.l. on public tender offer for Sponda Plc
HELSINKI, June 5, 2017 – JLL has acted as the sole commercial real estate adviser for Polar Bidco S.à.r.l., an entity owned by funds advised by Blackstone real estate, on its recommended public tender offer for all shares in Sponda Plc, the Nasdaq Helsinki listed, prime real estate investment company in Finland. In addition, Nordic investor Areim will be a co-investor alongside Blackstone.
The Board of Directors of Sponda has unanimously decided to recommend the tender offer. Shareholders representing 46.9% of the shares in Sponda have, subject to customary conditions, irrevocably undertaken to accept the tender offer.
For full information about the proposed transaction, please see the Stock Exchange Release.
About The Blackstone Group L.P. Blackstone has been a global leader in the real estate sector since 1991, and funds advised by affiliates of Blackstone have approximately USD 102 billion of real estate funds under management. Blackstone has considerable experience of investing in, and managing real estate portfolios across the United States, Europe, Asia and Latin America and across all asset classes. Major holdings include Hilton Worldwide, Invitation Homes (single family homes), OfficeFirst (German office) and prime office buildings in the world’s major cities. Blackstone also has significant experience of investing in, and managing, real estate assets in the Nordic region, including in Finland. Since 2015, Blackstone has acquired control of over EUR 4 billion of properties in the Nordic region of which over EUR 1 billion is located in Finland. Further information is available at www.blackstone.com.
JLL Contact Finland: Christian Hohenthal, Head of Capital Markets JLL Finland Email: Christian.Hohenthal@eu.jll.com
JLL Contact EMEA: Sara Murshed, EMEA Marketing Communications Director Email: Sara.Murshed@eu.jll.com, Phone: +44 (0) 207 852 4430 or +44 (0)7834 160364
About JLL
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. A Fortune 500 company, JLL helps real estate owners, occupiers and investors achieve their business ambitions. In 2016, JLL had revenue of $6.8 billion and fee revenue of $5.8 billion and, on behalf of clients, managed 4.4 billion square feet, or 409 million square meters, and completed sales acquisitions and finance transactions of approximately $136 billion. At year-end 2016, JLL had nearly 300 corporate offices, operations in over 80 countries and a global workforce of more than 77,000. As of December 31, 2016, LaSalle Investment Management has $60.1 billion of real estate under asset management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit http://www.jll.com/.
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