Sunborn International Plc and Masku Municipality reach preliminary agreement for Masku warehouse

Company Announcement
Sunborn International Plc
13 June 2025 at 16:00 

Sunborn International Corporation has entered into a preliminary agreement with the Municipality of Masku regarding the contractual penalty related to the Masku warehouse construction project. The agreement concerns previous delays in construction work and is conditional on obtaining official approval from the Municipality of Masku. 

Construction work has already started, and Sunborn aims to complete the project during the summer of 2025.

Sunborn International Corporation CEO Hans Niemi commented: 

"We are pleased that we have found a common understanding with the Municipality of Masku to resolve the situation and can now focus on completing the project as planned." 

For further information, please contact: 

Hans Niemi, CEO Sunborn International Plc 
hans.niemi@sunborn.com
+358 44 556 6132 

Certified Advisor: Nordic Certified Adviser AB, phone. +46 70 551 67 29 

Distribution:
Nasdaq Helsinki
Key media
www.fi.sbih.group
www.sbih.group 

Sunborn International 

Sunborn International is an innovative developer, owner and operator of high-quality yacht hotels and other floating real estate with global operations. Yacht hotels and floating real estate offer an opportunity to utilise unused water space in city harbours and prestigious waterfront locations. 

Sunborn International currently owns two yacht hotels located in London and Gibraltar, which combine exclusive accommodation, restaurant services, conference and event venues. Sunborn International is an industry pioneer, with extensive experience in shipbuilding and vessel design as well as developing waterfront areas and harbours and tackling permitting processes in various countries. The company is actively expanding into new markets, with yacht hotel development projects in London, Vancouver and around the world. 

Further information: www.sbih.group