Alma Media redeems an office and production facility in Tampere
Alma Media Corporation Stock exchange release 24 October 2016 at 4.40 pm (EEST)
ALMA MEDIA REDEEMS AN OFFICE AND PRODUCTION FACILITY IN TAMPERE
Alma Media has a currently effective lease agreement with DNB Bank ASA on the office and production facility at Patamäenkatu 7 in Tampere. On 24 October 2016, Alma Media announced to use the interruption option included in the agreement and redeeming the property. The acquisition will be financed and the property recorded on Alma Media’s balance sheet in October 2017 and the value of the transaction is EUR 14.5 million.
The excluded rental expenses from this deal and the depreciations arising from it are approximately of the same size. The rental commitment related to the lease agreement is discussed in Alma Media’s liabilities. The property is the old office and printing facility of Aamulehti, and it is currently fully rented out. The lease ratio of the property is 80 per cent. The gross leasable area of the property is 18,500 sqm.
ALMA MEDIA CORPORATION
Vice President, Corporate Communications and Investor Relations
Distribution: NASDAQ Helsinki, main media, www.almamedia.fi
For more information, please contact:
Juha Nuutinen, CFO, telephone +358 (0)10 665 3873
Alma Media in brief
Alma Media is a media company focusing on the service business and journalistic content. The company’s best-known brands are Kauppalehti, Talouselämä, Affärsvärlden, Iltalehti, Aamulehti, Uusi Suomi, Etuovi.com and Monster. Alma Media builds sustainable growth for its customers by utilising the opportunities of digitality, including information services, system and expert services and advertising solutions. Alma Media’s operations have expanded from Finland to the Nordic countries, the Baltics and Central Europe. Alma Media employs approximately 2,400 professionals (excluding delivery personnel), of whom approximately 30% work outside Finland. Alma Media’s revenue in 2015 was EUR 291.5 million. Alma Media’s share is listed on NASDAQ Helsinki. Read more at www.almamedia.com.