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2012 Annual and Sustainability Report 2012 Incl

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2012 Annual and Sustainability Report 2012 Incl ANNUAL AND SUSTAINABILITY REPORT 2012 Koskikara Sampokeskus Citycon’S SHOPPING CENTRES IN SWEDEN Åkersberga Centrum Valkeakoski Rovaniemi Österåker Contents Citycon’s gross leasable area 5,800 sq.m. Citycon’s gross leasable area 13,800 sq.m. Citycon’s gross leasable area 27,500 sq.m. Fruängen Centrum Anchor tenants: S-market, Alko, Vapaa Valinta, Seppälä Anchor tenants: Dressmann, Jack&Jones, MODA, Gina Anchor tenants: ICA, KappAhl, Lindex, library, Systembolaget Stockholm Tricot, Pentik, Vero Moda, Vila, Duetto INTRODUCTION SUSTAINABILITY Citycon’s gross leasable area 14,900 sq.m. Introduction of theme ................................. 1 Greetings from VP sustainability ...... 36 Anchor tenants: Library, Systembolaget, Läkarhuset Åkermyntan Centrum CEO's review .................................................... 2 Sustainability summary .......................... 37 Koskikeskus Torikeskus Hässelby Highlights in 2012 ........................................ 4 Stakeholders ................................................ 38 Tampere Seinäjoki Högdalen Centrum Citycon’s gross leasable area 9,500 sq.m. Materiality assessment ............................. 6 Environmental responsibility ............... 40 Citycon’s gross leasable area 34,300 sq.m. Citycon’s gross leasable area 11,700 sq.m. Stockholm Anchor tenants: ICA, Coop, pharmacy, Lidl Strategy ............................................................. 7 Economic responsibility ......................... 44 Anchor tenants: Intersport, Gina Tricot, Bik Bok, Promod, Anchor tenants: H&M, Aleksi 13, KappAhl, Lindex, Pentik Citycon’s gross leasable area 19,300 sq.m. Business environment ............................. 12 Social responsibility ................................. 46 Seppälä, Lindex Citycon as an investment ....................... 14 Risks and risk management .................. 50 Anchor tenants: ICA, MatDax, Lindex, Dressmann, pharmacy Corporate Governance ............................ 54 Linjuri Tikkuri BUSINESS UNITS Jakobsbergs Centrum Salo Vantaa Citycon’S SHOPPING CENTRES IN THE baltic AND PROPERTY PORTFOLIO FACTS AND FIGURES Järfälla Citycon’s gross leasable area 9,200 sq.m. Citycon’s gross leasable area 13,300 sq.m. Greetings from business units ............ 18 Greetings from exec. VP, CFO .............. 60 Citycon’s gross leasable area 45,400 sq.m. COUNTRIES AND IN DENMARK Anchor tenants: Pharmacy, Alko, Anttila, K-market, Posti Anchor tenants: Valintatalo, Nordea, Dressmann, Aleksi 13, Leasing operations .................................... 20 Profit performance Anchor tenants: Coop, H&M, Lindex, Systembolaget Property portfolio and leasing ............ 22 and financial position ............................... 61 Seppälä Rocca al Mare Citycon in Finland ....................................... 24 Key indicator tables .................................. 63 Tallinn Kista Galleria Citycon in Sweden...................................... 28 GRI tables ....................................................... 78 Lippulaiva Trio Citycon’s gross leasable area 53,300 sq.m. Stockholm Citycon in the Baltic Countries Company research ..................................... 81 Espoo Lahti Anchor tenants: Prisma, Marks&Spencer, NewYorker, Citycon’s gross leasable area 90,000 sq.m. and New Business ...................................... 31 Glossary .......................................................... 82 Citycon’s gross leasable area 19,000 sq.m. Citycon’s gross leasable area 45,700 sq.m. Lindex, Rademar Anchor tenants: Åhléns, ICA, New Yorker, Clas Ohlson, Anchor tenants: Alko, Anttila, pharmacy, K-supermarket, Anchor tenants: H&M, K-supermarket, Gina Tricot, Kekäle, StayAt Hotel Kristiine Lidl, Posti, Sky Bowl Cumulus, Posti Tallinn Liljeholmstorget Galleria Citycon’s gross leasable area 42,700 sq.m. Stockholm Martinlaakso Anchor tenants: Prisma, Zara, NewYorker, M&S, Benetton, Citycon’s gross leasable area 40,900 sq.m. Vantaa JYSK Anchor tenants: ICA Kvantum, Willy’s, H&M, Systembola- Citycon’s gross leasable area 7,400 sq.m. get, SATS, Clas Ohlson, MQ, Lindex Magistral Anchor tenants: S-market, Lidl, Sampo Pankki, pharmacy Shopping centres managed by Citycon Stenungs Torg Tallinn Stenungsund Citycon’s gross leasable area 11,700 sq.m. Citycon’s gross leasable area 36,400 sq.m. Anchor tenants: Rimi, Koduextra, Rademar, Tiimari, Myllypuro Galleria Esplanad Anchor tenants: KappAhl, Hemtex, Systembolaget, Coop Seppälä Helsinki Helsinki Citycon’s gross leasable area 7,400 sq.m. Citycon’s gross leasable area 11,700 sq.m. Mandarinas Anchor tenants: S-market, K-supermarket, media library, Anchor tenants: Tiger of Sweden, Maranello, Gant Store, Strömpilen Vilnius pharmacy Della Marga, Marimekko, M-Boxi, Oscar Jacobson Shop Umeå Citycon’s gross leasable area 7,900 sq.m. Citycon’s gross leasable area 26,700 sq.m. Anchor tenants: Rimi, Hansapank, Farma Anchor tenants: ICA Maxi, Elgiganten, Lindex, H&M Myyrmanni Tullintori Vantaa Tampere Albertslund Centrum The theme of this year’s Annual Citycon’s gross leasable area 39,700 sq.m. Citycon’s gross leasable area 10,000 sq.m. Tumba Centrum Alberstlund Anchor tenants: K-citymarket, H&M, Anttila, pharmacy, Anchor tenants: K-market, Seppälä, Vapaa Valinta, phar- Botkyrka Citycon’s gross leasable area 14,700 sq.m. and Sustainability Report is Alko, Suomalainen Kirjakauppa, Stadium macy Citycon’s gross leasable area 25,500 sq.m. Anchor tenants: Aldi, SuperBest, Vero Moda community engagement Anchor tenants: ICA, KappAhl, H&M, Dressmann INTRODUCTION OF THEME OF THEME INTRODUCT Shopping centres help build I and support a community engagement ON The theme of Citycon's Annual and Sustainabil- own. Shopping centres are seen as modern-day ity Report this year is community engagement. town squares. They are places where you spend Illustrations and stories depicting everyday life time with family and friends, get together with in shopping centres are used throughout the re- others, enjoy good food, and do the week’s port. shopping at the same time. Thanks to their cen- Community engagement for Citycon means tral location, Citycon’s shopping centres are that the majority of its shopping centres are ideal for this purpose. centrally located in towns and cities, close to or Even though the methods used to design within easy reach for people in their daily lives. built environment are not as such suitable for As a company, Citycon contributes to the future building community engagement, they can help and the development of the towns and cities in make the environment conducive to community which it operates. engagement and to facilitate interaction be- In 2012, Citycon made special efforts to con- tween people (Aalto University: Land Use Plan- nect with its stakeholders. Results of the stake- ning and Urban Studies Group). This is Citycon’s holder group surveys confirmed for example goal, too. that although Citycon is the physical owner of For more information, view Citycon’s An- the shopping centres, the users of the centre - nual and Sustainability Report online at the consumers - also consider the centres their www.annualreport2012.citycon.com The built environment can contribute to the creation of better community engagement Citycon OYj • annual AND sustainabILITY REPort 2012 • introduction AR 1 INTRODUCTION SUSTAINABILITYFACTS AND FIGURESFINANCIAL STATEMENTS 2012 CEO's review W E VI Towards one Citycon RE 'S CEO The key focus in 2012 has been to improve profitability and solid Citycon’s philosophy is based on community thinking During the year our Finnish operations moved to Iso Omena cash flows. This has meant operational improvements, identifying Inside the company we have been talking a lot this year about com- in order to be closer to the clients and more cost efficient. Also and working on redevelopment potential and carrying through se- munity thinking, internally called “Cityconmunity”. Our centres are Group operations moved to a more functional and more cost ef- lective acquisitions. We have broadened our portfolio geographi- located close to where the people live and work and we want to ficient office. cally to Denmark by acquiring Albertslund Centrum in Copenha- be part of their society and everyday life. There is a natural role in We worked hard on inward extensions and efficiencies of gen in July and strengthened our market position considerably in social interaction, which is more than only shopping. We sell more space, which lead to gaining more leasable area within shopping Sweden by acquiring Kista Galleria in Stockholm (deal closed in than space; our operations are driven by the fact that we are in a centres. In addition we concentrated on gaining additional in- January 2013). We have outlined a strategy to be a top three play- hospitality business. We want to attract and bring people together come by specialty leasing and most importantly worked towards er in the main markets that we operate in. In Finland and Estonia in our shopping centres, because they need or want to be there. a better tenant mix.We see that international tenants are looking we already have the top position, and now after the acquisition of One concrete way to create a positive customer experience and for expansion opportunities from a regional/Nordic point of view, Kista Galleria we will also be one of the top three players in Swe- enhance communality is through focusing on digital marketing like whilst still expanding traditionally one country at a time. This is den, which is our most important market in the area. When looking Facebook. I’m delighted to
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