Stock Exchange Releases

Technopolis Signs First Pre-Agreement Related lease with Savonia University of Applied Sciences

TECHNOPOLIS PLC          STOCK EXCHANGE RELEASE             April 13, 2011, at 11:00

Technopolis Signs First Pre-Agreement Related lease with Savonia University of Applied Sciences

Technopolis released a stock exchange release concerning negotiations of a significant agreement with Kuopio’s Savonia University of Applied Sciences on December 17, 2010. The negotiations have now produced the first signed lease in connection with the agreement.

Savonia University of Applied Sciences will lease 2,000 square meters from June 30, 2011 for a rental period of twenty-five years. The agreement also covers a variety of services.

According to the preliminary agreement Savonia will move its operations into Technopolis premises in phases. In the next phase, starting no later than the end of 2013, Savonia will lease 11,000 square meters. This phase of the agreement can be executed without new construction. Savonia intends to lease an additional 22,000 square meters in phases starting no later than the end of 2015. The approved preliminary agreement totals 33,000 square meters. The rental period for both phases will be at least 15 years. The time table is illustrative and non-binding.

 

Technopolis Plc

Keith Silverang
CEO
tel. 040 566 7785

Distribution:
NASDAQ OMX Helsinki
Main news media
www.technopolis.fi