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Technopolis closes strategic review, sets growth targets

Technopolis Plc wrapped up a comprehensive review of its strategic focus and financial targets, setting a revised strategy that will cover 2017 to 2020.

The company's corporate strategy will include an accelerated organic expansion of its campuses, co-working network and value-creating acquisitions in the Nordic-Baltic Sea region. Technopolis is prepared to spend €200 million to €250 million for development projects until 2020, and €30 million will be pooled for its co-working portfolio over the next five years.

Meanwhile, its financial targets, as defined by European Public Real Estate Association, for the period have been set to boost earnings per share by 8% to 10% per year; log a per annum return on equity of over 8%; an at least 5% per annum growth in net asset value per share; and keep the equity ratio over 35%.

In addition, Technopolis expects to pay out an increasing annual dividend of 40% to 60% of earnings.