VP Leasing at Citycon Elected New Chairman of NCSC

Nordic — At the AGM on 9 June 2022, Jussi Vyyryläinen, Vice President Leasing at Citycon, was elected new Chairman of the Board. He succeeds Trond Herberg, Chairman between 2018-2022.

Citycon’s CEO on the Future on the Stock Market: “Status Quo”

Finland Finland — F. Scott Ball, CEO of Citycon, on the increased holding from the major shareholder Gazit-Globe, whether the company will leave the stock market, and the ongoing strategy.

Citycon Acquires Residential Asset and Divests Shopping Centres

Nordic — Citycon has signed a forward commitment agreement with Botrygg to acquire a newly developed residential asset in Stockholm for approximately EUR 69.5 million. The company has also signed an agreement to opportunistically sell two non-core shopping centres in Norway for approximately EUR 145.4 million.

“There’s Still a Lot to Do in the Centre”

Finland Finland — The retail centre Lippulaiva will open at the end of March. Nordic Property News asks Mari Laaksonen, Commercial Director of Citycon, on the current status, the struggles during the pandemic, and what will make this retail centre unique.

Citycon Launches a New Stock Option Plan

Finland Finland — The Board of Directors of Citycon Oyj has resolved to launch a new stock option plan directed to the Chief Executive Officer F. Scott Ball.

Citycon to Develop Shopping Center in Bergen

Norway Norway — Citycon will develop Oasen in Bergen into a modern mixed-use centre that includes residentials, offices, public health services and retail. Citycon develops Oasen in collaboration with the municipality as the zoning plan now is subject to political review.

Citycon’s CEO F. Scott Ball: ”The New Strategy Isn’t a Conversion”

Nordic — In an exclusive interview with Nordic Property News, Citycon’s CEO F. Scott Ball tells how the modern and urban shopping centre Lippulaiva will set an example of Citycon’s future focus, the shift in the company’s strategic focus, why they were able to thrive in some aspects during the pandemic from a business perspective, the impact long time friend CFO Eero Sihvonen retiring this year and the selection of his successor Bret D. McLeod.

The Retail Comeback: “Nearly Back to Pre Covid-Levels”

Finland Finland — Citycon’s CEO F. Scott Ball on the Q3 results, which categories that have bounced back thanks to lifted restrictions, and the footfall recovery around their retail centres.

NREP Acquires Retail Centre from Citycon

Finland Finland — Citycon has signed an agreement to sell a necessity-based retail centre Columbus located in Helsinki, to NREP. The gross purchase price amounts to approximately EUR 106.2 million, which corresponds to Q3/2021 valuation, but is approximately 10 MEUR above the Q4/2020 valuation.

F. Scott Ball Continues as Citycon CEO Until 14 January 2025

Finland Finland — The Board of Directors and the CEO of Citycon Oyj, F. Scott Ball, have agreed that Ball will continue as the CEO of the company until 14.1.2025. Mr Ball´s appointment as the CEO commenced on 1 January 2019 and Ball’s current service contract was due as of 14 November 2021.

Continued Progress in Citycon’s Portfolio Transformation

Finland Finland — F. Scott Ball, CEO of Citycon, on the Q2 figures, the residential focus for the listed property owner, and how they will accelerate the growth of the residential portfolio.

"The Nordics Provide a Unique Balance of Yield and Stability"

Nordic — Citycon strengthens their team with a new important piece as Bret D. McLeod takes the position of CFO. He tells Nordic Property News what attracted him about Citycon, about joining a Nordic company and about his view of the Nordic property markets.

Citycon Appoints CFO from the US

Finland Finland — Bret D. McLeod has been appointed Citycon Oyj’s Chief Financial Officer and member of the Corporate Management Committee following the planned retirement of the current CFO, Eero Sihvonen.

How Citycon Will Benefit on the Nordic Transaction Market

Finland Finland — Citycon’s CEO F. Scott Ball on another strong quarter for the retail property owner; the diversification strategy, and why the rent collection has decreased in the first quarter of 2021: “Still best-in-class.”

Reasons Behind the Strong Figures for Citycon

Finland Finland — Eero Sihvonen, CFO, and Henrica Ginström, COO, tells Nordic Property News on why Citycon has performed better than most of the other retail giants across Europe, whether more divestments are approaching, and how the future around their malls will look like.

Citycon Divests Three Shopping Centres to Niam

Sweden Sweden — Citycon has signed a binding, unconditional agreement to sell a portfolio of three shopping centres in Sweden to Nordic real estate investor Niam. The gross purchase price for the assets is SEK 1,483 million (147 million euros) and exceeds the assets appraised value.

Citycon Establishes Vaccination Service in Shopping Centres

Nordic — In collaboration with local authorities, Citycon has established covid-19 vaccination facilities in several of its centres in the Nordics.

How the Retail Giant Will Create Added Value to Their Shopping Centres

Nordic — Erik Lennhammar, Chief Development Officer at Citycon: “Residential makes places more attractive.”

Citycon to Create a New Urban Area at Liljeholmen

Sweden Sweden — Citycon plans to develop residentials and offices at Liljeholmen by covering the track area at Liljeholmstorget. Under the name RE: Liljeholmen, an attractive living environment will be created with 120 new apartments, 3,000 workplaces and a glazed plaza with space for activities, cultural events and experiences.

Citycon’s New VP on the Retail Challenges: “We Were Faced with an Unexpected Situation”

Nordic — Laura Jauhiainen has been appointed as Vice President, Strategy and Investor Relations at Citycon as of 1 January 2021. To Nordic Property News she talks about the new strategy for the retail giant, her new function in the new company, and how much they struggled during 2020.

Citycon Recruits President, Strategy and Investor Relations

Finland Finland — Laura Jauhiainen, CFA, has been appointed as Vice President, Strategy and Investor Relations at Citycon as of 1 January 2021. In this role, she will lead Citycon’s new strategy function and support Citycon’s strategic transformation further towards a mixed-use real estate portfolio combining modern retail with residential, office and municipal service space.

Citycon Sells to Hausia

Finland Finland — Citycon has agreed to sell residential building rights to Hausia in the Lippulaiva urban development project.

Citycon Acquired Plots Adjacent to the Kristiine Centre

Nordic — Citycon has through its subsidiary Kristiine Keskus OÜ acquired the plots at Kotkapoja 1, 3, 5 adjacent to the Kristiine centre's parking lot and is planning real estate development on the acquired land area of 5690 square meters and to the existing property’s parking lot, aiming to further develop Kristiine centre as a multifunctional urban area and connect it even better with public transport hubs.

The Importance of Service Centres for the Retail Property Giant

Finland Finland — Lahti Palvelutori Service Centre, which opened in shopping centre Trio at the start of the year, will be expanded by 2,000 square metres next year. Trio’s Shopping Centre Manager Saara Viento on the future shopping centre plans: “Our main targets for the next years are to develop different parts of the centre.”

Citycon Signs New Leases Across its Nordic Portfolio

Nordic — Citycon continues to expand and diversify the tenant mix of its necessity-based community centres. Since June, the company has signed and opened a multitude of new tenants in is centres across the Nordics, adding new and exciting elements for the customers.