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.

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’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.

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.”

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.

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.

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.

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 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.

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.

“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.