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Stockholm's Liljeholmstorget to become Europe's first LEED platinum shopping centre

ID: 1012184

(Thomson Reuters ONE) -


Citycon Oyj Press Release 30 March 2010

Stockholm's Liljeholmstorget to become Europe's first LEED platinum shopping
centre

Liljehomstorget Galleria, a shopping centre developed and owned by Citycon, has
been awarded a platinum LEED environmental certificate, the highest available.
This Stockholm-based centre is the first shopping centre in Europe to achieve
the highest LEED classification, and one of the world's few platinum-rated
buildings of any kind.

The LEED certificate, awarded by the U.S. Green Building Certification
Institute, is the best recognized international classification system rating
buildings' environmental impacts. "It provides an extremely comprehensive,
multifaceted picture of a building's environmental load. The certificate is
based on several sub-areas, on the basis of which a building's environmental
impacts are assessed," emphasises Kirsi Borg, Citycon, Manager, Sustainability.

"In terms of taking account of environmental issues, Citycon is a genuine
forerunner. This award clearly demonstrates the company's commitment to
sustainability and its ability to build in line with the toughest global
standards. In the future, all of Citycon's development projects will be designed
and built to comply with environmental certification criteria", states Petri
Olkinuora, CEO of Citycon.

Liljeholmstorget has an excellent location in Liljeholmen, an urban
redevelopment area. The centre is integrated with a metro station, a bus service
hub terminal and a tramline. Built underground, the parking hall optimises land
use, which is hugely important to this shopping centre situated in a densely
built city structure. Liljeholmen is one of Stockholm's fastest growing
employment and residential districts.

Water facilities within the centre use around 40 per cent less water than
standard solutions. Energy simulations reveal an energy saving of 18.9 per cent




based on standard comparison values. In addition, each set of retail premises
has its own electricity meter, while air conditioning is based on district
cooling and the centre's electricity is generated from wind power.

The centre's waste sorting solutions guarantee a high degree of recycling, and
95 percent of waste from the construction phase was also recycled. Most
construction material are locally produced, no more than 800 kilometres away
from the centre. Indoor air quality is outstanding: ventilation exceeds the
ASHRAE standard by 30 percent, in addition to which low-emission materials were
selected as building materials, releasing the minimum odours and particles into
indoor air.

A special feature in Liljeholmstorget is the green roof between the shopping
centre and the neighbouring office building. Even the parking hall promotes low
emissions; low-emission cars are directed to separate, green parking grids.
Leveraging plot efficiency and the aim to create a dense urban structure close
to services, new apartments have been built on top of the shopping centre.

LEED certification pays off

"Solutions in pursuit of the highest, platinum-level LEED certification raised
the building costs by around 1 to 2 percent," affirms Ulf Attebrant, Vice
President, Swedish Operations. "During the service life of the building, this
investment will repay itself through factors such as lower utility costs of the
property. For example, long-term energy and water prices are unlikely to fall."
In addition, Attebrant believes that certified environmental friendliness will
make Liljeholmstorget progressively more desirable to prospective tenants, since
many international retailers already take environmental factors into
consideration when making rental decisions.

Liljeholmstorget was opened in October 2010, with a huge success in terms of
footfall and sales. Over 90 percent of visitors use public transport or arrive
on foot. "This is a factor that has really surprised us. Clearly, the centre
services the entire Stockholm downtown area, due to easy and convenient access
by metro," says Attebrant.

Liljeholmstorget is the Nordic countries' first platinum-level building and
Europe's first platinum shopping centre. It already represents Citycon's third
LEED-certificated project. Last summer, the Trio shopping centre in Finland was
awarded the Nordic countries' first certificate, while at the beginning of 2010
the Rocca al Mare shopping centre attained the Baltic countries' first, silver
certificate.

For further information, please contact:

Petri Olkinuora, CEO
Tel. +358 20 766 4401 or mobile +358 400 333 256
petri.olkinuora(at)citycon.fi

Ulf Attebrant, Vice President, Swedish Operations
Tel. +46 8 5228 0313
ulf.attebrant(at)citycon.se



Citycon Oyj

Citycon is an active owner and long-term developer of shopping centres, laying
the foundation for a successful retail business. Citycon's retail properties
serve both consumers and retailers. The company takes into account environmental
interests and the wellbeing in the areas surrounding its retail properties.

The market leader in the Finnish shopping centre business, Citycon also has a
strong position in Sweden and a firm foothold in the Baltic countries. Citycon
owns a total of 33 shopping centres and 50 other retail properties. Citycon Oyj
is listed on the NASDAQ OMX Helsinki (CTY1S).
www.citycon.com







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Bereitgestellt von Benutzer: hugin
Datum: 30.03.2010 - 03:47 Uhr
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News-ID 1012184
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