*

Hitt og þetta 22. ágúst 2006

Citycon Oyj to acquire shopping centre project in Sweden

Nordic Business Report-August 22, 2006-Citycon Oyj to acquire shopping centre project in Sweden
(C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com

Finnish real estate investment company Citycon Oyj said on Tuesday (22 August) that it would acquire all shares in the real estate companies Liljeholmsplan Fastighets AB, Liljeholmsplan Bostadsfastigheter AB and Liljeholmstorget Development Services AB from Doughty Hanson & Co.

These companies own a 20,000 square metre office and commercial building and building rights for a new shopping centre in Liljeholmen, Stockholm.

The debt-free purchase price was set at SEK570m.

One Swedish krona (SEK) is worth approximately 0.07 British pounds (GBP).

((Comments on this story may be sent to tww.feedback@m2.com))