Citycon has signed 4 rent agreements with LPP

HELSINKI, Nov. 11, 2022 /PRNewswire/ — Citycon has signed rent agreements with LPP Finland for the arriving of the crowd’s two style manufacturers in Lippulaiva, Trio and Iso Omena. Sinsay will probably be opened in each Lippulaiva and Trio quickly at first of the 12 months. Cropp retail outlets will probably be opened in Iso Omena and Trio over subsequent spring and summer time.

The teens targeted Sinsay style chain will increase the craze alternatives of Lippulaiva and Trio at first of the 12 months. The scale of the shop in Lippulaiva, positioned in Espoo, will probably be roughly 900 sq. metres and the scale of the shop in Trio, positioned in Lahti, will probably be roughly 800 sq. metres. Trio’s Sinsay is the primary retailer of the LPP Workforce owned emblem in Finland out of doors of the Helsinki Metropolitan Space.

Impressed by way of social media and the younger influencers of the craze international, the clothes emblem gives the most recent style traits for the entire circle of relatives at an affordable value. Along with style, Sinsay’s product variety additionally comprises house decorations, make-up and skin care merchandise.

Additionally representing youth-focused, city taste, Cropp is coming to Trio and Iso Omena. The scale of the Cropp retailer that will probably be opened in Iso Omena in spring will probably be over 700 sq. metres, and the scale of the Cropp retailer that will probably be opened in Trio in summer time will probably be roughly 500 sq. metres.

The Sinsay and Cropp retailer chains belong to LPP Workforce, whose different well known manufacturers come with Reserved, Area and Mohito. Based in 1991, LPP is a Polish clothes corporate that employs over 24,000 other folks. The crowd has over 1,700 retail outlets in just about 40 nations far and wide the arena.

“Opening the retail outlets in Citycon buying groceries centres has been crucial and strategical determination, as we want to be nearer to our consumers. We wish to open our retail outlets in the most productive trade places and to find consumers all in favour of style in each giant and small towns,” emphasizes Managing Director at LPP Finland Kaidi Kask.

“We’re more than pleased concerning the rent agreements we’ve signed with LPP Finland. It’s nice to get to start out cooperation with them at the Finnish marketplace as neatly. There have already been LPP Workforce’s style retail outlets for years within the Citycon centres in Estonia, Rocca al Mare and Kristiine keskus. Signing a number of simultaneous rent agreements additionally presentations our talent to provide to manufacturers many superb puts of commercial in Finland and all of our nations of operation,” says Jussi Vyyryläinen, Vice President, Leasing.

Investor family members:
Sakari Järvelä, VP, Company Finance and Investor Family members
Phone +358 50 387 8180
[email protected]

Additional knowledge:
Jussi Vyyryläinen, Vice President, Leasing, Citycon
Tel. +358 (0)40 589 4448
[email protected]

Citycon is a number one proprietor, supervisor and developer of mixed-use actual property that includes trendy, necessity-based retail with residential, place of work and municipal carrier areas that make stronger the communities by which they function. Citycon is dedicated to sustainable belongings control within the Nordic area with belongings that general roughly EUR 4.5 billion. Our centres are positioned in city hubs within the middle of colourful communities with direct connections to public delivery and anchored by way of grocery, healthcare and different services and products that cater to the on a regular basis wishes of consumers.

Citycon has investment-grade credit score rankings from Moody’s (Baa3) and Same old & Deficient’s (BBB-). Citycon’s stocks are indexed on Nasdaq Helsinki Ltd.

www.citycon.com

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SOURCE Citycon Oyj

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