• TK Development has taken over the development of a 10,800 m2 retail park in Uppsala, Sweden. • The project has been sold to an institutional sector of the German IVG Funds on the basis of forward funding. The selling price amounts to about SEK 200 million. • The project has an occupancy rate of 92 % at the time of takeover. TK Development will begin construction in February 2009, and expects to hand over the project to the inves¬tor in March 2010. • TK Development continues to expect a profit of about DKK 200 million after tax for the 2008/09 financial year.