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ARTICLES TAGGED WITH "Marcel Kokkeel"

Citycon Acquires Part of Shopping Centre

Denmark Denmark — Citycon has acquired the second and the largest part of the shopping centre Straedet in Køge in the greater Copenhagen area for approximately EUR 60M.

Klövern and Citycon to Develop Globen Shopping

Sweden Sweden — Klövern and Citycon have signed a letter of intent for joint development of the shopping centre Globen Shopping, located just south of Stockholm's inner city.

Citycon divests in Finland for EUR 167M

Finland Finland — Citycon and Cerberus announce that they have signed an agreement whereby Citycon will divest its shopping centres Espoontori, Tikkuri, Myllypuron Ostari, Martinlaakson Ostari and Jyväskylän Forum to an affiliate of Cerberus for a total value of approximately EUR 167M.

Citycon Sells Lade in Trondheim

Norway Norway — Citycon has signed an agreement to sell the non-core retail property Lade at the outskirts of Trondheim to Frost Holding AS. The purchase price amounts to approximately EUR 21 million (NOK 183 million), which is in line with the assets IFRS fair value.

Citycon Sells a Non-Core Property in Umeå

Sweden Sweden — Citycon has signed an agreement to sell its share in the retail property Länken in Umeå to a Swedish real estate company. Citycon’s proceeds from the transaction are approximately EUR 24 million and subject to closing adjustments related to the ongoing (re)development in the property.

Citycon Buys Office Building in Bergen

Norway Norway — Citycon has signed an agreement to acquire an office building in Bergen for EUR 78M from Tryg Forsikring A/S.

Citycon Acquires Norwegian Sektor Gruppen for Approximately € 1.5 Billion

Norway Norway — Citycon acquires Sektor Gruppen, Norway’s second largest shopping centre owner and manager – consolidating Citycon as the largest listed shopping centre specialist in the Nordics and the third largest listed continental European operator.