Advium acted as Sponda’s advisor when the shareholders agreed to sell approximately 57% of the shares in Certeum Oy. The buyers are funds managed by Blackstone. The parties expect to complete the sale by the end of 2015.

Certeum is the largest Finnish property investment company specializing in the owning, leasing and developing logistics and industrial properties. The market value of Certeum’s properties was approx. € 900 million euros on 30.6.2015. Blackstone is one of the largest alternative asset management firms globally and its shares are listed on the New York Stock Exchange (NYSE).

The transaction is one of the largest property transactions in Finland and the second largest logistics property transaction in the Nordics during 2015.

For more information, please see: Press release