text: Lehto Group Plc: Lehto and Citycon agree on the guidelines for the development of Lippulaiva shopping centre | Lehto Group
  Rakennusliike Lehto Oy ("Lehto") and Citycon Oyj ("Citycon") signed a letter of intent in March 2016 on the planning and construction of Lippulaiva shopping centre and adjacent residential buildings in Espoo. Together with external designers, the parties have planned the project and sought solutions to meet the operational and financial targets of both parties.
  The main contract that has now been drafted will not automatically lead to a contract agreement and has no impact on Lehto's financial outlook for 2017.
  Citycon is a leading owner, manager and developer of urban, grocery-anchored shopping centres in the Nordic and Baltic region, managing assets that total almost EUR 5 billion and with market capitalisation of close to EUR 2 billion. Citycon is No. 1 shopping centre owner in Finland and among the market leaders in Norway, Sweden and Estonia. Citycon has also established a foothold in Denmark. Citycon has investment-grade credit ratings from Moody's (Baa1) and Standard & Poor's (BBB). Citycon Oyj's share is listed in Nasdaq Helsinki.