Citycon Sells Shopping Center

Norway Norway Citycon has entered an agreement regarding the divestment of Heiane Storsenter on Stord, to Drotningsvik Eiendom.

2018-05-30

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The property has a leasable area of 23,900 sqm and contains 28 shops. The transaction is based off of a property value of EUR 24M and is expected to be complete in early June.
 
“Heiane Storsenter is a good local center and therefore, I am happy that we made a deal with a local property developer. The divestment is a natural step in streamlining our property portfolio in Norway,” says André Gaden, Commercial Director at Citycon.
 
Pangea Property Partners has been the seller’s advisor.




Axel Ohlsson
axel@nordicpropertynews.com




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