CITYCON OYJ          Stock Exchange Release        1 December 2005 at 3:50
p.m.

Closing of the retail centre transaction in Sweden

On 15 September
2005 Citycon Oyj announced the signing of an agreement to acquire
three retail
centres located in Åkermyntan, Kallhäll and Fruängen in the
Stockholm
Metropolitan Area, Sweden. The closing of such transaction took place
today.
The transaction is in line with Citycon's growth strategy to expand
its
business in Scandinavia and the Baltic countries. The transaction has
been
described in greater detail in the company's stock exchange release
issued on 15
September 2005.

Helsinki, 1 December 2005

CITYCON
OYJ
Petri Olkinuora
CEO


For further information, please contact:
Petri
Olkinuora, CEO, tel. +358 9 6803 6738 or
mobile +358 400 333
256
petri.olkinuora@citycon.fi


Distribution:
Helsinki Stock
Exchange
Main news media
www.citycon.fi