Albertslund Centrum. Albertslund Centrum

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2 Executive Summary According to its strategy, Citycon enters a new market within Nordics Citycon acquires in Greater Copenhagen Area from Albertslund Municipality for DKK 181 million (approx. EUR 24 million) On the acquisition date, the net initial yield on the investment is approximately 7.5 per cent Albertslund shopping centre is a community centre that serves as the social hub of the Albertslund Municipality providing -in addition to retail - extensive municipality services, town hall, theater, cinema, job center Thanks to its local nature the shopping centre does not face major competition in the area The shopping centre is located right next to the train station providing it steady footfall TK Development, a leading Danish shopping centre developer will take the role of asset manager 2

3 Property Fact Sheet Built 1965 GLA (existing/ future grocery extension) /3 961 GLA total Parking places (existing/future grocery extension) 960/300 17km No. of shops 45 Retail anchors Superbest, Aldi, Danske Bank, Albertslund Apotek, Fona Occupancy (economical) 97.5% + Possibilities to improve the centre and tenant mix + Great transportation connections - next to the train station + Municipality interested in developing the area as it forms the heart of the Albertslund Municipality + Sustainable cash flow and proven track record + Grocery anchored + Minor competition 3 Albertslund Copenhagen Population Average family income 09, DKK Average disposable income, DKK vs. Country Index 94% Index 97% vs. Country Index 82% Index 80%

4 Catchment Area Primary catchment Distance 0-2km (Albertslund Municipality) Secondary catchment Distance 2-5km (Taastrup, Ishoj, Brondby, Glostrup, Ballerup) 4

5 Layout of the Centre Albertslund City Centre 5

6 Appendix Additional Information on 6

7 Fact Sheet City Population Population 5.6 million 5.6 million 1 Copenhagen GDP purchasing power per capita (EUR) n/a 2 Aarhus Odense GDP growth 1.3 % 1.1 % Inflation 2.2 % 2.6 % 4 Aalborg Esbjerg Key central bank interest rate 1.05 % 0.70 % 4 Private consumption growth 1.9 % -0.5 % Unemployment rate 4.2 % 4.2 % Retail turnover growth 1.0 % 1.0 % Public debt, % of GDP 43.6 % 46.0 % 7 Source: Nordea Markets, Statistics

8 Macroeconomic Comparison to Eurozone and Nordics GDP, yearly change in % Unemployment, % 6,0 12,0 5,0 4,0 3,0 2,0 1,0 0,0-1, Finland Norway Sweden Eurozone 10,0 8,0 6,0 4,0 2,0 0, Finland Norway Sweden Eurozone Private consumption, yearly change in % Public sector debt, % of GDP 4,0 3,0 2,0 1,0 0,0-1, Finland Norway Sweden Eurozone 100,0 80,0 60,0 40,0 20,0 0, Finland Sweden Eurozone 8 Source: SEB

9 DKK bn Danish Property Investment Market - The Danish property market resembles the Finnish property market in terms of total transaction volume Greater Copenhagen accounts for more than 50 % of the total property stock in International investors accounted for around 30 % of transaction volumes in 2009 and 2010 The financial crisis severely dampened transaction activity in both 2009 and 2010 In the final quarter of 2010 and in the beginning of 2011 the market witnessed renewed investment appetite Transaction volumes GLA per capita Finland has the highest GLA per capita in the Nordics. A big proportion of the GLA is high street retail GLA sqm Capita GLA/capital ,20 Sweden ,91 Finland ,44 Norway ,06 9 Source: Newsec, JLL

10 Danish Tenant Mix - Well known pan Nordic retailers well presented in the shopping centres Major Grocery Retailers Coop Dagli Brugsen Super Brugsen Kvickly Kvickly Xtra Irma Fakta Dansk Supermarked Bilka Fotex Netto Rema 1000 Reitanggruppen Major Danish Fashion Retailers Bestseller (Fashion) Vero Moda Jack & Jones VILA ONLY Selected IC Companys (Fashion) Inwear Matinique Cottonfield Companys Part Two Peak Performance Tiger of Sweden Jackpot By Malene Birger 10

11 Danish Regions - Growth strongest in the Capital Region and Central, around big cities of Copenhagen, Horsens and Aarhus Pop. 0.6 M Pop. 1.3 M Aarhus Esbjerg Pop. 1.2 M 1.7 M Copenhagen Odense Pop. 0.8 M 11