Citycon Acquires Part of Shopping Centre
Citycon has acquired the second and the largest part of the shopping centre Straedet in Køge in the greater Copenhagen area for approximately EUR 60M.
Citycon acquired the first part of the shopping centre in July for approximately EUR 12M and the final part is expected to be acquired during Q2/2018. In total, the shopping centre will have a gross leasable area of approximately 19,000 square meters.
Straedet will in total comprise some 40 retail units, cafés and restaurants and will be anchored by two grocery retailers, fashion stores like H&M and a cinema. The open-air shopping centre is an integrated part of a new high street loop with pedestrian streets in the centre of Køge. The property has a direct connection with the refurbished city hall and other municipal services as well as the train and bus stations.
Køge forms part of the Copenhagen metropolitan area and is directly connected to downtown Copenhagen by commuter rail system.
“Straedet fits perfectly with Citycon’s strategy to invest in urban shopping driven by daily needs and situated in locations with strong demographics,” says Marcel Kokkeel, CEO at Citycon.
Maria Olsson Äärlaht