New shopping centre developments in Finland

Raisio’s Shopping Centre Mylly expands and new shopping centres are planned in Lappeenranta and Oulu.

Shopping Centre Mylly, located in Raisio, south-western Finland, is investing almost EUR 50 million in expanding the retail facility. Mylly’s new extension is scheduled to open in October 2015, increasing its total surface area from 66,000 square metres to almost 90,000 square metres. The number of stores will also go up from about 100 to more than 150.

According to Jones, Lang & LaSalle, Mylly’s second floor will offer one of the most diverse concentrations of fashion retailers in Finland, including new stores from New Yorker, Carlings and Bik Bok. Mylly’s position as a centre for leisure product retailers will be further strengthened by the arrival of the Norwegian sports retailer XXL which is opening a 4000 square metre store in the shopping centre.

New shopping centres in Lappeenranta and Oulu

Ikano Retail Centres is developing the largest shopping centre in eastern Finland in the city of Lappeenranta, which will also attract Russian consumers from across the nearby border. The 35,000 square metre shopping centre will be built in conjunction with an Ikea store, and is planned to open in 2016.

Osuuskauppa Arina is building a new shopping centre in the heart of Oulu’s city centre in northern Finland. Shopping Centre Valkea will feature a Sokos department store and a high-quality Sokos Herkku food store. Valkea is also designed as a unique shopping environment for fashion products and a living room for the city’s residents. Jones, Lang & LaSalle is responsible for the retail space rentals in all three shopping centre projects.

Source: Jones, Lang & LaSalle