Leasing rate at Iso Omena reaches 95% – entertainment offering increases with opening of activity park and new cinema

Press releases - 13 December 2016

CITYCON OYJ    Press release   13. December 2016 at 9.00 hours

Iso Omena is becoming a top leisure and entertainment centre in the Helsinki metropolitan area, reflecting Citycon's strategic focus to combine everyday services and entertainment activities.

Citycon’s extension and (re)development project at the Iso Omena shopping centre in Espoo in the Helsinki area will be complete in April 2017, when the second phase is set to open. With the signing of several major new tenants, 95% of the shopping centre has already been leased.

Iso Omena will soon be the leading leisure and entertainment centre in the Helsinki metropolitan area. In November, a lease agreement was signed with Duudsonit Activity Park, a well known and attractive brand in Finland. The adventure park will be located on the second floor of Iso Omena, taking the place of the library and movie theatre, which are moving to new locations. Set to open in autumn 2017, the 4,000 sq.m. park will feature activities and amusements that appeal to both adults and children, along with an adjacent outdoor patio area. This will be the chain’s first adventure park in the Helsinki metropolitan area.  

In addition to the expanded entertainment offering, the second phase of the Iso Omena enlargement will see the arrival of several top fashion brands, including Espoo’s first Zara and the recently signed Levi’s store. This follows the opening of a new Nespresso store last month.  

The Iso Omena restaurant world M.E.E.T (Meet. Eat. Enjoy. Together) is also set to grow next spring, with the addition of about 30 new restaurants when the second phase opens. This will make Iso Omena home to the most diverse shopping centre restaurant cluster in the Nordic countries, offering a choice of 50 different restaurants and cafés with seating for 3,000 customers.  

The 5,000 sq.m. restaurant world is unique not only because of its size, but also thanks to its extensive selection and high level of service and quality. M.E.E.T will bring to Iso Omena a strong urban vibe; many of the new restaurants have operated only in the centre of Helsinki until now.

The restaurant world and Duudsonit Activity Park will be complemented by a seven-screen movie theatre, the largest in Espoo. Set to open in April, the new Finnkino theatre will have over 900 seats, and its theatres will be equipped with the most advanced audio and visual systems.

“Iso Omena is an excellent example of Citycon’s strategy of developing shopping centres in which diverse everyday shopping and services are complemented by an increasing variety of dining options and leisure and entertainment activities, as well as public services,” says Jurn Hoeksema, Chief Operating Officer at Citycon.

Helsinki, 13 December

Additional information:

Jurn Hoeksema, Chief Operating Officer
Tel. +46 70 385 1059
jurn.hoeksema@citycon.com

Citycon Oyj (Nasdaq Helsinki: CTY1S) is a leading owner, developer and manager of urban grocery-anchored shopping centres in the Nordic and Baltic regions. The company manages a property portfolio that totals approximately EUR 5 billion and its shares have a market value of approximately EUR 2 billion. For more information about Citycon, please visit www.citycon.com

Download images