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ARTICLES TAGGED WITH "Citycon"

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.

Citycon Acquires Three Shopping Centres in Norway

Norway Norway — Citycon has agreed to acquire the remaining interest in Sektor Portefølje II AS, a portfolio of three shopping centres in Norway. The transaction consists of three assets, Stovner Senter, Torvbyen and Markedet.

F. Scott Ball: ”Foolish Not to Buy the Assets”

Nordic — The retail property owner Citycon’s CEO F. Scott Ball on the Q4 figures, targets for 2020 and why the company purchased three assets in Norway despite claiming being a net seller.

How the Retail Property Owners Have Prepared for Black Friday

Nordic — The big pre-Christmas shopping boom Black Friday takes place today. Nordic Property News has asked a couple of the major retail property owners on the preparation towards the shopping event.

Skanska Constructs Shopping Center in Espoo for Citycon

Finland Finland — Skanska has signed a contract with Citycon Oyj, a leading owner, manager and developer of urban shopping centres in the Nordic and Baltic region, to construct the Lippulaiva shopping center in Espoo, Finland. The contract is worth about EUR 170 M, about SEK 1.8 billion.

The Keys to Successful Shopping Centers

Finland Finland — The new Lippulaiva shopping center will open in Espoo in 2022. Citycon’s Chief Development Officer Erik Lennhammar tells Nordic Property News on the characteristics of the mall and how Citycon cooperate with the tenants to step up their business.

“We Have Significant Opportunities to Create Further Value”

Finland Finland — The retail property company Citycon’s CEO F. Scott Ball on future challenges, why the visitor rates in their shopping centers are increasing and alternative property investments.

The Highest Dividend Yields Among the Listed Nordic Companies

Nordic — Nordic Property News has listed the Nordic construction and real estate companies’ dividend yield. Here is the complete list.

How He Will Strengthen Citycon's Brand

Nordic — Peter Dimulkas is Citycon's new Vice President, Marketing. He tells Nordic Property News what challenges he sees for the retail property giant in the future and how he will make shopping centers in the Nordic region more successful.

Citycon Appoints Vice President, Marketing

Nordic — Citycon has appointed Peter Dimulkas as Vice President, Marketing, who will lead the development of marketing for the company's 38 shopping centres in Sweden, Finland, Norway, Denmark and Estonia.

The Best Yields Among the Listed Nordic Companies

Nordic — Nordic Property News has listed the Nordic construction and real estate companies’ dividend yield. Here is the complete list.

H1 2019: They Invested Most in Their Own Portfolio

Nordic — Nordic Property News presents the largest investments from the listed companies in the Nordics during H1 2019 – in their own portfolios.

The Best Yields Among the Listed Nordic Companies

Nordic — Nordic Property News presents which of the listed Nordic construction and real estate companies that provide the best yields.

Citycon Sells Two Shopping Centres to NREP

Finland Finland — Citycon has signed an agreement to sell two shopping centres in Finland for approximately EUR 77 million to the Nordic real estate investor NREP.

“It Is in Our Interest That the Tenants Succeed”

Nordic — A number of retail chains in Sweden have criticized the high rents in the shopping centers and believe that rental levels today can determine retail in the future. Citycon’s Vice President, Leasing, Jussi Vyyryläinen tells Nordic Property News whether this is an issue in Norway and Finland.

The Highest Paid Board Members

Nordic — Nordic Property News presents the average fees of the board members in the largest Nordic real estate companies on the stock exchange.

They Have Increased Their Rental Incomes the Most in the First Quarter

Nordic — Nordic Property News presents the listed property companies' rental income for the first quarter of 2019. Who are the winners?

Why Citycon Believes in Successful Shopping Centers

Nordic — Citycon’s CEO F. Scott Ball tells Nordic Property News about the most important tasks for the new CDO and why he sees a great number of opportunities within the existing portfolio.

The Nordic Top Sellers in the First Quarter

Nordic — Nordic Property News presents how much the listed Nordic real estate companies divested in the first quarter.