English
Published: 2006-02-01 11:40:00 CET
Citycon Oyj
Company Announcement
Citycon acquires Tullintori Shopping Centre in Tampere
CITYCON OYJ          Stock exchange release        1 February 2006 at 0.40
p.m.

Citycon acquires Tullintori Shopping Centre in Tampere

Citycon Oyj
has purchased Tullintori Shopping Centre in the Tampere city centre
from
Suomen Osuuskauppojen Keskuskunta. The acquisition comprises 57.4% of
the
shares in the real estate company Kiinteistö Oy Tullintori. The total
debt-free
purchase price of the shares is EUR 8.7 million. Citycon is
confident that there
is plenty of redevelopment potential in the shopping
centre, and the company will
start the redevelopment at once. The net rental
yield percentage is expected to
exceed 8 per cent after the completion of the
redevelopment project.

The total leasable area involved in the purchase is
some 10,100 square metres,
including all retail premises of the real estate
company. The rest of the real
estate unit consists mainly of office premises.
The anchor tenant of the property
is Pirkanmaan Osuuskauppa. In total, there
are some 40 tenants.

Tullintori is the only shopping centre east of the
railway station in the Tampere
city centre. Many office properties and a hotel
have been planned for the area,
as a result of which the area's consumer
demand is projected to increase.

Helsinki, 1 February 2006

Citycon
Oyj
Board of Directors


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

Jari Alanen, Director, tel. +358 3 274 0420
or
mobile +358 50 62 026
jari.alanen@citycon.fi


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