Citycon's shopping center acquisition finalized, loan financing agreement signed (SE) The closing of the acquisition took place today on January 17, 2013. The acquisition price corresponds to approximately €530 million with the closing date’s exchange rate. More »

Citycon acquires Kista Galleria Shopping Centre in Stockholm (SE) Kista Galleria has 90,000 m² of gross leasable area (GLA), including 60,000 m² of retail space and the remaining 30,000 m² comprising a hotel, student housing, healthcare premises and municipal services. More »

Citycon signs agreement to acquire Danish shopping center Albertslund Centrum (DK) The shopping center’s gross leasable area is currently approximately 16,000 m²; the transaction includes a purchase of a grocery store extension which will be bought at the time of its completion in the end of 2014. More »

Citycon's Executive Vice President, Finnish Operations, leaves (FI) Marcel Kokkeel, Chief Executive Officer of Citycon says: “Citycon ends Mr Michael Schönach’s agreement with the company. More »

Nils Styf appointed Citycon's Chief Investment Officer (FI) Nils Styf has been appointed Citycon Oyj’s Chief Investment Officer and member of the Corporate Management Committee. More »

Citycon acquires shopping center Arabia in Helsinki (FI) The shopping center has a gross leasable area of approximately 14,000 m², with 11,400 m² of retail premises. The net initial yield on the... More »

Citycon sells retail property near Gothenburg (FI/SE) The gross leasable area of the Floda property is approximately 11,200 m². The closing of the transaction is estimated to take place in March 2012. More »

Citycon signs a new €50 million seven-year term loan (FI) Citycon has today signed a seven-year unsecured term loan facility with OP-Pohjola Group for a minimum committed amount of €50 million. More »

Citycon appoints Head of Swedish Operations and Member of the Corporate Management Committee (SE) Elfstadius is Swedish citizen and has M.Phil. degree in Land Economy and BSc. degree in Constructional Engineering and Finance. More »

Citycon acquires Högdalen Centrum shopping center in Stockholm (SE) Högdalen Centrum is located in southern Stockholm, some 5 km from the city center. It has a gross leasable area of approximately 14,100 m², with 11,000 m² of retail premises. More »

Citycon sells 41 apartments in Tumba Centrum (SE/FI) Tumba Centrum. The apartments will be sold to a newly-founded... More »

Citycon to redevelop Koskikeskus shopping center in Tampere (FI) The shopping center’s gross leasable area will increase by 1,500 m² due to the alteration work in the interior. The total leasable retail area of Koskikeskus will be approximately 28,600 m² after the project. More »

Citycon's shopping center acquisition in Tallinn finalized (FI/EE) Citycon now owns and manages a total of 35 shopping centers and 46 other retail properties in Finland, Sweden, Estonia and Lithuania. More »

Citycon opens redeveloped and extended Åkersberga Centrum (SE) New stores to open in the shopping center include H&M, MQ, Esprit, Hemtex, Kjell & Co and Ur & Penn. Wänlunds Fritidsvaruhus, which specializes in boating and leisure equipment, opened already earlier in the winter. More »

Citycon strengthens its position in Estonia by acquiring the Kristiine Shopping Centre (EE) With a gross leasable area of 42,600 m², Kristiine is Tallinn’s second-largest shopping center after Citycon’s Rocca al Mare. More »

Petri Olkinuora to leave his position as CEO of Citycon (FI) He will remain the company's CEO until the Annual General Meeting on the March 23, 2011, when a successor will have been appointed. More »

ICSC announces finalists for 2011 European Shopping Center Awards (FR/EUR) The finalists were announced at MAPIC, Cannes. “It is a pleasure to see good architecture, concept and tenant mix and a lot of focus on the customer. More »

Refurbished Espoontori shopping center opens (FI) So far, Citycon has invested €20.5 million in the project. In addition, the original investment decision includes additionally approximately €5. More »

ICSC: Baltic recovery well under way (EE/LV/LT) Petri Olkinuora, CEO of Citycon. With a combined population of... More »

Citycon increases liquidity and signs a €50 million term loan (FI) During the second quarter in 2010 Citycon's scheduled debt repayment totaled approximately €79 million. At the same time, Citycon has signed... More »

Citycon signs a new €50 million term loan (FI) The new term loan will strengthen the company's available liquidity and provides means to finance Citycon's growth with the help of long term financing. More »

Citycon starts the Martinlaakso shopping center development project (FI) Citycon will invest approximately €26.3 million in the shopping center to be built, which will have a gross leasable area of 7,300 m² of retail premises and parking facilities for 475 cars. More »

Stockholm's Liljeholmstorget to become Europe's first LEED platinum shopping center (SE) The LEED certificate, awarded by the U.S. Green Building Certification Institute, is the best recognized international classification system rating buildings' environmental impacts. More »

Citycon to divest 89 apartments in Jakobsbergs Centrum in Jarfalla (SE) Citycon continues with the divestments of its residential portfolio in Sweden by selling two residential buildings, "The Towers", consisting... More »

Citycon launches construction of Myllypuro shopping center (FI) Citycon has sold all of the housing associations connected with the shopping center to ICECAPITAL Housing Fund II Ky, Asuntosäätiö and Ilmarinen Mutual Pension Insurance Company. More »

Citycon Oyj to issue €50 million domestic bond (FI) The Bond will be issued in the form of book-entry notes in the OM system of Euroclear Finland Ltd. The notes are issued in principal amounts of €1,000 and redeemed at 100% of their principal amount. More »

Citycon opens third phase of Rocca Al Mare, Estonia's largest shopping center (EE) Rocca al Mare is located 8km from the heart of Tallinn. "The... More »

Citycon opens Liljeholmstorget Galleria in the center of Stockholm (SE) The building licence for the shopping centre required also housing development, and that is why 72 new rental apartments will be build above the shopping centre. More »

Citycon sells apartments to be built in Liljeholmen, Stockholm (SE) The total number of apartments is 72 and the leasable area totals some 6,100 m². The apartments to be built in Liljeholmen are rental... More »

Fashion Gallery opens in Rocca al Mare (EE) Over 60 new stores will open in the Rocca Al Mare Fashion Gallery. More »

Thom Wernink continues as Citycon's Chairman of the Board of Directors (FI) The following Board members were elected to the Board of Directors' committees: Audit Committee Raimo Korpinen (Chairman) Gideon Bolotowsky Per-Håkan... More »

Estonia's first Marks & Spencer to open in the Rocca al Mare Shopping Centre in Tallinn (EE) "Despite the challenging market situation, the letting of the new premises have been successful. The contract with top brand Marks & Spencer is obvious evidence of Rocca al Mare's attractiveness. More »

Citycon strengthens its position on the Tallinn shopping center market (EE) The development project will extend the life cycle of Rocca al Mare. Upon its completion ten years ago, Rocca al Mare was one of the first modern shopping centers in Estonia. More »

Citycon applies for listing of stock options 2004 C on OMX Nordic Exchange Helsinki (FI) The number of 2004 C options totals 1,300,000, of which 1,050,000 stock options have been granted to the personnel. More »

NIB finances building of shopping center in Stockholm (SE) The new shopping center will follow strict environmental standards and apply a whole building approach for sustainable property development,... More »

Citycon and city of Helsinki sign preliminary agreement on land sale in Myllypuro (FI) Redevelopment of the retail center will be the key to the development of the entire district. The Myllypuro development plan includes a... More »

Thom Wernink continues as Citycon's Chairman of the Board (FI) The following Board members were elected to the Board of Directors' committees: Audit Committee Raimo Korpinen (Chairman) Gideon Bolotowsky Per-Håkan... More »

Citycon invites co-investor to Iso Omena Shopping Centre (FI) The agreed debt-free purchase price, €131.6 million, is equivalent to 40% of the original acquisition price of €329 million paid by Citycon. More »

Citycon invests €38.9 mln. for Rocca al Mare development project's final phase (EE) This development project, started in February, includes the construction of an extension and the redevelopment of the existing shopping center. More »

Citycon's interim report 1 January - 30 September 2007 (FI) Citycon's net rental income increased by 25.9% in the reporting period, to €76.3 mln. (€60.6 mln.). Net rental income for like-for-like properties rose by 9. More »

Citycon signs €300m bridge credit facility to finance purchase of Iso Omena (FI) The facility will be drawn for the financing of the acquisition of Iso Omena shopping center in Helsinki, Finland. More »

Citycon buys Iso Omena shopping center in Helsinki for €329m (FI/UK) Iso Omena shopping center. Completed in 2001, Iso Omena is Finland’s fifth largest modern shopping center. More »

Citycon acquires shopping center in Tallinn (EE/FI) In connection with the property transaction, Citycon has also agreed on purchasing some 8,500 m² of building rights for €2 million, provided that the pending change in zoning plan becomes legally valid. More »

Citycon acquires shopping center and retail property in Umeå, Sweden (SE/FI) The real estate company owns the shopping center Strömpilen and the Länken retail property in Umeå, the most rapidly growing urban community in northern Sweden. More »

Citycon starts shopping center project in Liljeholmen, Stockholm (SE/FI) Construction will begin in May 2007 after the required building permission is confirmed, and the new shopping centre is expected to open in October-November 2009. More »

Citycon finalizes shopping center transaction in greater Stockholm area (FI/SE) Tumba Centrumfastighets AB owns Tumba Centrum, a shopping center in the municipality of Botkyrka, south of Stockholm. More »

Citycon to build retail center in Lentola in Kangasala (FI) Negotiations are currently underway over the lease of other premises within the retail center. The new retail center will be opened during the autumn of 2007. More »

Citycon to acquire Tumba Centrum shopping center nearby Stockholm (SE/FI) The property includes not only retail premises but also apartments and office premises, which is typical of shopping centers in Sweden. More »

Changes in Citycon's Organisation and Corporate Management Committee (FI) Ms Kaisa Vuorio, Head of Division, Shopping Centres, has been appointed Country Director, Finland, and Mr Ulf Attebrant Country Director,... More »

Citycon to refurbish Trio shopping centre in Lahti (FI) Citycon has decided to refurbish the Trio shopping centre in Lahti. In addition to modernisation, the shopping centre's service structure will be developed to better meet customer needs. More »

Citycon finalizes non-core property portfolio transaction (FI) The fair value of the sold-off properties totalled €67.9 million on 30 June 2006. Citycon will book a gain on sale before taxes of €5. More »

Citycon to launch extension and refurbishment of Åkersberga Centrum in Sweden (SE/FI) In July 2005, Citycon acquired 75% of the company (currently called Åkersberga Centrum AB) owning the Åkersberga shopping center from Armada Fastigheter AB, owned by the Österåker municipality. More »

Citycon finalises its shopping center transaction in Greater Stockholm Area (FI/SE) The total debt-free purchase price is approximately approximately €104.5 million (SEK 970 million) subject to closing adjustments, and the initial net yield of the investment is 6. More »

Citycon's shopping center transaction near Gothenburg finalised (FI) The debt-free purchase price of the shares is approximately €41.9 million and the net yield on the purchase price on the transaction date 6. More »

Citycon applies for listing of the stock options 2004 A on Helsinki Stock Exchange (FI) Each stock option entitles its holder to subscribe for 1.0611 Citycon Oyj share. The maximum number of shares that may be subscribed for by exercising the A option rights totals 1,379,430. More »

Citycon to acquire shopping center project in Stockholm (SE/FI) These companies own a 20,000-m² office and commercial building and substantial amount of building right for a new shopping center in Liljeholmen, Stockholm. More »

Citycon signs €600 million syndicated loan facility (FI) The facility will be used to refinance Citycon's existing credit facility of originally €450 million, raised in 2004 and maturing in 2009, and to finance company's property acquisitions. More »

Citycon sells 76 non-core properties (FI) The gain on sale is €7.5 million in accordance with IFRS, based on fair values on 31 March 2006. The positive impact of the transaction to the company's 2006 EPS is approximately €0. More »

Citycon to acquire a shopping center in Helsinki (FI) Columbus is a local shopping center anchored by hypermarket Citymarket and S-Market. Other main tenants include Lindex, Seppälä, Alko and Hesburger. More »

Citycon to build a retail center in Kaarina (FI) The site has permitted building rights for a total of around 7,500 m², some 5,600 m² of which will be used to construct a retail building for Tokmanni Oy. More »

Citycon to acquire a shopping center in Lithuania (FI) The acquisition of the shopping center is part of Citycons expansion strategy in the Baltic countries. The transaction is expected to be finalized on 2 June 2006 at the latest. More »

Citycon to buy Stenungs Torg shopping center near Gothenburg (FI/SE) Citycon has also agreed on the development of the shopping center with the shopping center's minority holder KF Fastigheter AB. More »

Citycon to appeal against City of Tampere's decision on the Ratina Tender Procedure (FI) Citycon submitted a claim for correction to the City Board of Tampere, demanding reversal of the decision and requesting that Citycon Oyj and Skanska Talonrakennus Oy be selected to develop the project. More »

Correction to Citycon's amended stock option terms (FI) The amended share subscription price pursuant to 2004 A stock options was incorrectly announced to be €2.0451. More »

Citycon's share capital increase based on stock options 1999 (FI) The per-share subscription price of the shares subscribed with the option rights was €1.35. Each share entitles to one vote. More »

Amendments to Citycon's stock option terms due to the rights issue (FI) In accordance with the terms and conditions of the 1999 stock options, the number of shares to be subscribed for pursuant to stock options has been amended so that each stock option entitles to subscribe for 1. More »

Thomas Wernink elected Citycon's new Chairman of the Board of Directors (FI) The following Board members were elected to the Board of Directors' committees: Audit Committee Raimo Korpinen (Chairman) Gideon Bolotowsky Thomas... More »

Citycons share capital increase (FI) The 750,330 shares were subscribed at a per-share subscription price of €1.40. Each share entitles to one vote. More »

Citycon closes retail center transactions in Gothenburg (FI/SE) The closing of such transaction took place yesterday. The transaction is in line with Citycon's growth strategy to expand its business in Scandinavia and the Baltic countries. More »

Citycon considering divestment of its non-core properties (FI) All of the sell-off properties with a total area of 96,000 square meters are located in Finland. The company aims to complete the divestment during the first half of 2006. More »

Citycon acquires Tullintori Shopping Centre in Tampere (FI) Citycon is confident that there is plenty of redevelopment potential in the shopping centre, and the company will start the redevelopment at once. More »

Citycon becomes sole owner of Myyrmanni shopping center (FI) In 2005, the Myyrmanni shopping center in Vantaa recorded approx. 7.1 million customer visits and total sales of around €158 million. More »

Citycon acquired Lindome Retail Center in Sweden (SE) On 23 November 2005 Citycon Oyj announced the signing of an agreement to acquire Lindome Retail Center in the Greater Gothenburg area, Sweden. More »

Citycon closes retail center transaction in Sweden (SE) The transaction is in line with Citycon's growth strategy to expand its business in Scandinavia and the Baltic countries. More »

Citycon strengthens its position in Sweden (FI/SE) Lindome Retail Centre is a neighbourhood shopping center located about 15 kilometres south of the city center of Gothenburg in the rapidly growing Lindome residential area in the Municipality of Mölndal. More »

Citycon became sole owner of Sampokeskus shopping center in Rovaniemi (FI) Rovaniemi, the capital city of the Province of Lapland in Finland, is a lively university town with approximately 90,000 people in some 39,000 households in its operating region. More »

Citycon's retail center transaction in Sweden postponed (SE) Source: Citycon More »

Citycon's share capital increase entered in the Trade Register (FI) The new shares entitle to full dividend (if any) to be distributed as of the financial year commenced on 1 January 2005 and entitle to other rights attached to the shares in the company as of today. More »

Citycon Oyj prepares directed share offering (FI) Citycon is the market leader in shopping centre business in Finland and is focused on long term accretive growth by expanding its property... More »

Citycon's new CFO is Mr Eero Sihvonen (FI) Source: Citycon More »

Citycon's share capital increase based on stock options 1999 (FI) The 43,000 shares were subscribed at a per-share subscription price of €1.40. Each share entitles to one vote. The new shares entitle their holders to a dividend for the financial year 2005. More »

Citycon acquires three retail centers in Sweden (FI/SE) The transaction is expected to close on 1 Nov. 2005. Debt free purchase price of the properties amounted to SEK 256. More »

Citycon expands its ownership in Trio Shopping Centre in Lahti (FI) After the transaction Citycon's holding in the real estate company corresponds to 88.7% of the shares in the company. More »

Citycon's share capital increase entered in the Trade Register (FI) The 12,000,000 new shares are estimated to be recorded in the book-entry accounts of the shareholders and subject to public trading as of 3 August 2005. More »

Citycon's Board decides on share offering and subscription price (FI) The decision of the Board to increase the share capital is based on the bids that have been received between 25 July 2005 and 26 July 2005 in a bookbuilding process. More »

Citycon Oyj preparing a directed share offering to selected institutional investors (FI) Background to the share offering In the beginning of July 2005 the Company’s operations expanded to Sweden as the Company acquired the Åkersberga shopping center in greater Stockholm area. More »

Citycon expands to Estonia, acquiring Tallinn's Rocca al Mare Shopping Centre (FI) The total debt-free purchase price was €62.1 million and the net yield of the existing shopping center at the date of the transaction was 8. More »

Citycon publishes Interim Report Q2 2005 (FI) Citycon and IFRS Citycon Oyj has changed its reporting practice in accordance with IAS/IFRS standards (International Financial Reporting Standards); this affects its interim reports and financial statements for 2005. More »

Citycon Oyj to repay its capital loan 1/1999 prematurely (FI) The prepayment of the loan will result according to a current estimate in a one time cost of approximately €5.5 million that will be charged fully in the second quarter result. More »

Citycon will develop a new shopping center in Hervanta, Tampere (FI) The owner of the new building will be a real estate company called Kiinteistö Oy Kauppakeskus Tampereen Hermanni, which is a wholly-owned subsidiary of Citycon. More »

Citycon became main owner of IsoKristiina Shopping Centre in Lappeenranta (FI) The transaction relates to Citycon's growth strategy to expand its business in Finland, Scandinavia and the Baltic countries. More »

Citycon expands its operations into Sweden (FI/SE) The seller is Armada Fastigheter AB which is owned by the municipality of ÖsterÃ¥ker. Following the transaction Armada Fastigheter AB will continue to own 25% of Armada Exploaterings AB. More »

Citycon's share capital increase based on stock options (FI) The 37,000 shares were subscribed at a per-share subscription price of EUR 1.40. Each share entitles to one vote. The new shares entitle their holders to a dividend for the financial year 2005. More »

Citycon presents Interim Report Q1 2005 (FI) Business Activities and Property Portfolio Citycon’s business activities comprise the entire chain of retail premises ownership, i. More »

Citycon's share capital reduction and amendment to the Articles of Association registered (FI) Share capital was reduced by EUR 5,229,900 from EUR 156,780,033.30 to EUR 151,550,133.30 through cancellation without payment of 3,874,000 Citycon shares held by the company. More »

Citycon’s financial results 2004 (FI) Citycon has published its figures for the year 2004. The highlights include: profit before taxes increased 26.7% to €24. More »