Categories: RealEstate

JLL advises Polar Bidco S.à.r.l. on public tender offer for Sponda Plc

The FINANCIAL — JLL has acted as the sole commercial real estate adviser for Polar Bidco S.à.r.l., an entity owned by funds advised by Blackstone real estate, on its recommended public tender offer for all shares in Sponda Plc, the Nasdaq Helsinki listed, prime real estate investment company in Finland.

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In addition, Nordic investor Areim will be a co-investor alongside Blackstone, according to JLL.

The Board of Directors of Sponda has unanimously decided to recommend the tender offer. Shareholders representing 46.9% of the shares in Sponda have, subject to customary conditions, irrevocably undertaken to accept the tender offer.

 

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