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ARTICLES TAGGED WITH "Citycon"

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.

The Retail Property Owner’s Residential Growth: “Important to Have That Expertise”

Nordic — Citycon’s CDO Erik Lennhammar tells Nordic Property News about the appointment of Kaveh Feliciano as Residential Development Director; why he is the right person for the job, why they invest in residential and how much they want to grow in the segment, going forward.

”The Full Impact of Covid-19 Has Not Been Seen Yet”

Nordic — The Pan-Nordic retail property owner Citycon’s CEO F. Scott Ball on why the company stands strong in difficult times, how they work with tenants and whether free rents is an option.

”The Entire Society and Our Shopping Centers Are Affected”

Nordic — Magnus Bergman, Vice President Shopping Center Management at the Nordic listed retail property owner Citycon, on how the company support their struggling retail tenants in the shopping malls during the corona crisis and whether an option is to lower the rents.

Citycon Weakens Its Prospects Due to Uncertain Market Situation

Finland Finland — Citycon assesses that its prospects for 2020 have weakened and withdraws its guidance for 2020 issued on 6 February 2020. At this point, the company does not specify its direct operating profit, EPRA EPS or adjusted EPRA EPS forecast for this year in more detail due to the uncertain market situation.

“We Have a Great Number of Opportunities in the Existing Portfolio”

Finland Finland — Citycon’s CEO F. Scott Ball tells Nordic Property News about how the company manage the retail challenges, whether divestments of retail assets are in sight and the development areas in the company’s portfolio.