KONE Corporation, Press Release, 30 November, 2007
KONE announced on August 7, 2007, that it was considering the sale of
its KONE Building located in Espoo, Finland. KONE sold the KONE
Building today to Hanseatische Investment-GmbH ("Hansainvest"). The
selling price is EUR 35 million. KONE will stay in the building as a
tenant under a long-term lease agreement.
"We are pleased with the outcome of the sales process and we welcome
Hansainvest as our partner and long-term property owner," comments
Klaus Cawén, Executive Vice President, KONE Corporation.
The KONE Building is located next to the sea in the Keilaniemi
business district of Espoo, and was designed by Antti-Matti Siikala.
The office building reaches up to 72 meters and has become one of the
visual landmarks of Espoo. Thanks to its height, scenic elevators and
steel structure, the KONE Building characterizes the area's
technology orientation while maintaining its presence as an
architectural monument between Espoo and Helsinki.
KONE is one of the world's leading elevator and escalator companies.
It provides its customers with industry-leading elevators and
escalators, with innovative solutions for their maintenance and
modernization. KONE also provides maintenance of automatic building
doors. In 2006, KONE had annual net sales of EUR 3.6 billion and
approximately 29,000 employees. Its class B shares are listed on the
OMX Nordic Exchange in Helsinki, Finland.
Founded in 1969, HANSAINVEST Hanseatische Investment-GmbH, Hamburg,
is part of the SIGNAL IDUNA Group, one of the largest German
insurance and financial service providers. 125 employees are managing
assets of about EUR 9.4 billion in 43 mutual funds and app. 20
special funds. In the real estate sector HANSAINVEST is managing real
estate assets of app. EUR 2.3 billion, split up into direct
investments, three special real estate funds and one open real estate
For further information, please contact:
KONE Corporation: Lasse Mäkelä, Vice President, Alliances and
Acquisitions, tel. +358 (0)204 75 4465
Hansainvest: Nils Keggenhoff, Senior Manager, Acquisitions and Sales,
tel. +49 (40)300 57 6078