Specification of the Stock Exchange Release published today at 10:00 am: Citycon
expands its operations into Sweden
Citycon's stock exchange release earlier today stated the following:
A profitable investment
The annual net yield of Citycon's investment at the time of the signing is about
8.0 percent. By 2009 the development project will be completed which will
transform the shopping centre into a unified complex. The total investment in the
development project will be 900-950 million Swedish crowns, and the annual net
yield of the investment is projected to be about 9.0 percent.
Citycon wants to specify its earlier release with regard to the total value of
the investment as follows:
A profitable investment
The annual net yield of Citycon's investment at the time of the signing is about
8.0 percent. By 2009 the development project will be completed which will
transform the shopping centre into a unified complex. The total value of the
investment will be 900-950 million Swedish crowns, and the annual net yield of
the investment is projected to be about 9.0 percent.
The advisor in the acquisition was Temaplan Asset Management, Tyrens AB.
Helsinki 19 May 2005
CITYCON OYJ
Petri Olkinuora
CEO