Iso Omena extension and Matinkylä Metro Centre construction starting
Marko Juhokas and Risto Seppo Citycon – the leading owner and developer of shopping centres in the Nordic and Baltic countries
• Citycon owns or manages 39 shopping centres
• Market leader in Finland, among the top three players in Sweden
• Major developer: • Espoontori • Forum • Koskikeskus • Myllypuron Ostari • Martinlaakson Ostari • Trio • Duo • IsoKristiina More than • Rocca al Mare EUR 500 • Magistral million in • Liljeholmstroget investments in recent years
Marko Juhokas and Risto Seppo Largest shopping centres
1 Sweden—Kista Galleria
5 2 Sweden—Liljeholmstorget Galleria Finland—Iso Omena
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4 3 Finland—Koskikeskus Estonia—Rocca al Mare
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Retail premises Parking (# of Fair value (EUR million) Sales (EUR 2012 City Total GLA (sq.m.) 1) Visitors (millions) (sq.m.) lots) million) 1 Kista Galleria Stockholm 60,000 92,000 2,500 530.02) 18.4 280.0 2 Iso Omena Helsinki 50,900 63,000 2,200 373.8 8.8 260.4 3 Rocca al Mare Tallinn 51,800 53,300 1,300 151.5 6.4 136.6 4 Koskikeskus Tampere 28,800 34,300 425 175.9 5.3 111.3 5 Liljeholmstorget Galleria Stockholm 27,700 40,900 900 260.2 9.4 166.3
1) As of Dec 31, 2012 2) Kista Galleria is owned through a 50/50 JV between Citycon and CPPIB
Marko Juhokas and Risto Seppo Citycon and NCC Property Development set to launch the Iso Omena extension project
• First phase of a three-phase shopping centre extension project
• First phase of shopping centre extension: an investment of approximately EUR 120 million
• Citycon and NCC Property Development have a 50/50 partnership in the project
• Construction of Länsimetro Oy's bus terminal and the park-and-ride parking floor will begin at the same time
• The contractor for both projects is NCC Rakennus Oy
Marko Juhokas and Risto Seppo Iso Omena Shopping Centre will grow by fifty per cent
• The shopping centre's retail area will grow to 75,000 square metres
• The centre will house more than 200 shops and other services
• Around 3,000 parking places will be available
• The centre's fashion, restaurant and café offering will be consolidated in particular
• Robust public services: City of Espoo "service square" with library and social and health care services
Marko Juhokas and Risto Seppo Marko Juhokas and Risto Seppo Construction will begin immediately
• Construction work will begin immediately • Contractor: NCC Rakennus Oy • The bus terminal, park-and-ride parking and other areas related to their functioning will be completed in late 2015 • The shopping centre extension will be completed in the late summer of 2016 • The extension will be seamlessly joined to the existing shopping centre -> a single commercial centre • A residential tower block will be constructed in connection with the extension
Marko Juhokas and Risto Seppo Commercial objectives of the extension project
• Strong purchasing power – the average income of households within the sphere of Iso Omena is twice the Finnish average
• Strong population growth throughout Espoo – forecasts project an increase of 20 per cent by 2020
• Footfall target: From the current 9 million to 14.5 million annual visitors
• Sales target: Iso Omena in 2012 EUR 260 million forecast for 2017 EUR 375 million
Marko Juhokas and Risto Seppo Traffic hub
• With the construction of the metro line and bus terminal, Matinkylä will be a busy traffic hub
• End station of the first phase of metro construction
• Close to a growing residential and business district (e.g. the head office of Outotec is right next door)
• Approximately 35,000 passengers will pass through the metro centre each day
Marko Juhokas and Risto Seppo A modern, service-oriented transport terminal
Marko Juhokas and Risto Seppo Construction will soon be visible on the streets of Matinkylä
A letter describing the changes to traffic arrangements will be sent to households in the area. A briefing will be held for local residents in June.
Marko Juhokas and Risto Seppo Thank you!
Marko Juhokas and Risto Seppo