Citycon Oyj (HLSE:CTY1S) agreed to acquire straedet project from TK Development A/S (CPSE:TKDV) for approximately €75 million on January 28, 2015. The transaction is expected to close by second quarter of 2017. As of February 13, 2017, the transaction is expected to close in third quarter of 2017. As of April 24, 2017, Citycon will acquire straedet project at completion in three parts: first part in May 2017, second and largest part in September 2017 and the final part in first quarter of 2018. First part of straedet project was acquired on July 4, 2017. As on December 21, 2017, Citycon has acquired the second part of the shopping centre Straedet for approximately €60 million. The final part is expected to be acquired during second quarter of 2018.

Citycon Oyj (HLSE:CTY1S) completed the acquisition of straedet project from TK Development A/S (CPSE:TKDV) on July 3, 2018.