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Lehto reports prolonging of preliminary agreement with Citycon for Lippulaiva shopping mall in Espoo.

NORDIC BUSINESS REPORT-April 12, 2018-Lehto reports prolonging of preliminary agreement with Citycon for Lippulaiva shopping mall in Espoo

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Provider of construction services Lehto Group Oyj (HEL:LEHTO) reported on Wednesday that the preliminary agreement for the development and planning of the Lippulaiva shopping mall in Espoo has been prolonged until May 2018.

Reportedly, Rakennusliike Lehto Ltd and Citycon Oyj (HEL:CTY1S) reported in October 2017 that they will continue the development and planning of the Lippulaiva shopping mall located in Espoo and aim to sign the final agreements on construction and housing development before the end of March 2018.

Reportedly, together with external designers the parties have designed and sought for solutions that would be in line with the functional and financial targets of both Citycon and Lehto.

This prolonging does not affect the financial outlook of Lehto Group, the company clarified.

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Publication:Nordic Business Report
Date:Apr 12, 2018
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