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Stora Enso Sells its Head Office Building in Helsinki for Approximately EUR 30 Million
Helsinki, Finland, 09 June 2008 -- /PRNewswire/ -- Stora Enso has signed an agreement to sell its head office building in Helsinki to Deka Immobilien GmbH of Germany for approximately EUR 30 million. Stora Enso's head office is located at Kanavaranta 1 in the Katajanokka district of Helsinki. A capital gain of approximately EUR 2 million will be recorded as a nonrecurring item under other operations in the segmental reporting of Stora Enso's second quarter results.

Stora Enso will rent the building from WestInvest InterSelect, one of the Deka Group's funds. Stora Enso will later relocate its head office to rented premises in the Helsinki metropolitan area that will better meet its future needs. Stora Enso's head office building in Helsinki was designed by architect Alvar Aalto as the head office of Enso Gutzeit Oy. It was inaugurated in 1961.

Newsec Oy acted as the seller's advisor in the transaction.



About Deka Immobilien GmbH

The DekaBank Group is the largest provider of open-ended property funds in Germany. Together, the two capital investment companies, Deka Immobilien Investment GmbH and WestInvest Gesellschaft fur Investmentfonds GmbH, manage fund assets of over EUR 17 billion. As an affiliate of these companies, Deka Immobilien GmbH is responsible for buying and selling properties, managing these assets and all other property-related services, including product development. Together with DekaBank's Real Estate Lending unit, the three companies make up the Group's property asset management division.

Source: Stora Enso Oyj

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