Citycon Oyj
IsoKristiina shopping centre’s first phase opens on 7 May

DGAP-News: Citycon Oyj

2015-05-05 / 09:00

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CITYCON OYJ                  Press release                                     
 5 May 2015 


The first phase of the extension and (re)development project of IsoKristiina
shopping centre, located in the city centre of Lappeenranta, will be completed
and opened to customers on 7 May. In the first phase pre-opening, part of the
premises will be opened. 

Construction works for the remaining premises will continue until the autumn.
The grand opening of the totally renewed and extended IsoKristiina shopping
centre will be in October 2015. At that point, IsoKristiina will have a total
of 34,000 square metres of leasable area and around 80 different shops and
services. Currently, almost 90 per cent of IsoKristiina's leasable area has
been leased. 

IsoKristiina shopping centre is equally owned in a joint venture by Citycon and
Ilmarinen. 

'Citycon's strategy is to focus on urban locations of strong cities.
Lappeenranta, a busy and growing university town, where we have been able to
create an attractive city centre shopping centre, fits well in our asset
strategy. We are also very pleased that we have been able to successfully carry
out this project with our long-term partner and shareholder, Ilmarinen,' says
Nils Styf, Chief Investment Officer at Citycon. 

A unique feature of IsoKristiina is that the Lappeenranta City Theatre will be
entirely located within the shopping centre. The theatre will open in January
2016. This is a unique solution, even on an international scale. In addition,
the first-floor premises of the neighbouring Hotel Lappee are integrated with
IsoKristiina. The shopping centre with is shops and services, the hotel and the
new theatre constitute an appealing service entity that will attract shoppers,
tourists and theatre-visitors from near and far. 

IsoKristiina has a strong combination of services suitable for a city shopping
centre. Excellent grocery stores and shops offering daily goods and services
will bring a lot of daily traffic. The shopping centre will also house health
care, several specialty shops and department stores, such as a brand new Marks
& Spencer store. In addition, there will be a variety of cafés and restaurants.
Next autumn will see the opening of Finnkino's new cinema complex and Fitness
24/7 gym. 

'Our aim has been to build in the city center of Lappeenranta a shopping centre
that is close to people's everyday life. IsoKristiina has good and strong
international and national anchor tenants, but it also hosts excellent local
stores' says Heikki Alén, Project Development Manager, Citycon. 



Helsinki, 5 May 2015

CITYCON OYJ



For further information, please contact:

Nils Styf, Chief Investment Officer
Telephone +46 733 50 60 39
nils.styf@citycon.com



Citycon Oyj (Nasdaq Helsinki: CTY1S) is a leading owner, developer and manager
of urban grocery-anchored shopping centres in the Nordic and Baltic regions,
managing assets that total EUR 3.4 billion and with a market capitalisation of
approximately EUR 1.8 billion. For more information about Citycon, please visit
www.citycon.com
News Source: NASDAQ OMX



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2015-05-05 Dissemination of a Corporate News, transmitted by DGAP - a
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Language:    English       
Company:     Citycon Oyj   
 
 
             Finland       
ISIN:        FI0009002471  
 
 
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