Lehdistötiedotteet

EBRD WILL FINANCE FIRST PHASE OF TECHNOPOLIS PULKOVO TECHNOPARK PROJECT WITH EUR 31.6 MILLION LOANS

TECHNOPOLIS PRESS RELEASE     March   26th, 2010 at 11.05 a.m.


EBRD WILL FINANCE FIRST PHASE OF TECHNOPOLIS PULKOVO TECHNOPARK PROJECT WITH
EUR 31.6 MILLION LOANS 

The EBDR (The European Bank for Reconstruction and Development) Board of
Directors has approved EUR 31.6 million senior A/B loans (A Loan of EUR 21.6
million and B Loan of EUR 10 million) for the new Technopolis Pulkovo center's
first phase, which offers high-quality office space and services for
knowledge-intensive companies and their service providers. 

The B-loan is expected to be syndicated by Nordea Bank and Pohjola Bank.

“Technopolis will develop and introduce to the Russian market an entirely new
concept of operating a commercially funded science and technology park that
supports the growth of knowledge-intensive companies, including promising
start-ups.  The new Pulkovo center will promote the competitiveness of the St.
Petersburg region and will introduce a replicable service concept to the
market, which will contribute to the evolution of the Russian economy from a
raw-material-intensive to a service and knowledge-based model with a better
capacity to generate successful innovation.” says Technopolis CEO Keith
Silverang. 

Sylvia Gansser-Potts, Director of the Property&Tourism Team at EBRD, says:”
Science and technology parks can play an important role in improving the
climate for industries to commercialise and absorb innovations.  St.
Petersburg, which is known for its fast-growing IT and other
knowledge-intensive industries and universities of high standards, should have
a strong intellectual potential for a project of this kind.  Technopolis has
built up a team of highly qualified international executives to manage the
Project, who will bring know-how of operating technoparks on a commercial
basis.  These qualified managers will collaborate with and provide invaluable
experience to their local Russian colleagues.  In addition, Technopolis is
planning to open a training centre in St. Petersburg for future managers of
technoparks in Russia.” 

Peter Coachman, Director of Russian Operations for Technopolis, continues: “The
Project will also introduce improved energy-efficiency standards to the Russian
commercial real estate sector.  The Pulkovo center will meet the high level
energy efficiency standards of the Finnish construction and engineering
contractors who are among the EU leaders in the energy efficiency of buildings.
 As a result, the Project has a very strong energy efficiency component and its
energy performance will exceed Russian national standard requirements by
42.2%.” says Coachman. 

The Technopolis Pulkovo center's first phase have a gross rentable area of
24,100 sq.m and total cost of project is EUR 52.2 million including the
building and land plot needed for the first phase. 

For more information contact: 
Technopolis PLC
Keith Silverang
CEO
Phone +358 40 566 7785
Technopolis-Saint-Petersburg LLC

Peter Coachman
Director of Russian Operations
Phone: +99 33 555

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www.technopolis.fi