The sellers are four minority shareholders. Citycon already owned the 69% majority share in these shopping centres, which were part of the Sektor Gruppen acquisition in July 2015.

- The portfolio is in line with our focus on necessity-based shopping centres in urban locations. Full ownership will allow for more efficient administration and we see value-add potential in all the properties through further asset management initiatives, says Nils Styf, Citycon´s Chief Investment Officer.