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.

Citycon’s CEO: A Full Recovery Next Year Is Not to Expect

Finland Finland — F. Scott Ball, CEO of the Finnish listed retail property owner Citycon on the Q3 figures, and how the expansion plans are approaching during these challenging times.

Citycon: Rent Collection Remained Strong in September

Finland Finland — Citycon’s rent collection continues to be strong at 93 percent for September and overall Q3 of 92 percent.

Shopping Centre Lippulaiva to Become a Pioneer of Sustainable Energy Solutions

Finland Finland — Citycon to participate in the EU’s sustainable energy project SPARCS.

Several New Municipality Tenants for Citycon – to Help Serve the Local Community

Finland Finland — During the first half year of 2020, Citycon has signed or agreed long term leases with municipality and health care tenants across the Nordics for a total of 10,900 square meters.

Citycon Open for Business: “We Are Ready to Hit the Market”

Finland Finland — Citycon’s CEO F. Scott Balls comments the Q2 figures and shares his view on the falling occupancy levels in Norway.

Average Consumer Spending in Citycon's Centres Higher Than 2019

Finland Finland — Citycon has presented its figures for the second quarter of 2020.

Citycon Centres Almost Back to Normal Service

Finland Finland — The positive trend from June has continued in July at Citycons centres. Vice President Sanna Yliniemi tells Nordic Property News about the challenges of the pandemic and how the shopping centres have risen to once again record high footfall numbers.

Positive Trend Continues for Citycon in July

Finland Finland — Citycon continues to show positive development in footfall despite the extraordinary circumstances following the outbreak of the Covid-19 pandemic.

Citycon Sees Positive Footfall Figures in Their Malls

Finland Finland — As the covid-19 situation improves and government restrictions ease in all of Citycon’s markets, all centres are fully open and over 92 percent of tenants are now open for business. The total footfall is now tracking at 82 percent compared to 2019.