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Place de cotation: Helsinki Stock Exchange - (Finland)

Citycon Oyj is a Finland-based property investment company that specializes in retail premises. Its principal activities include leasing, management and development of the property portfolio, as well as planning and commissioning of the construction of new premises. As of December 31, 2008, the property portfolio comprised 33 shopping centers and 50 other retail properties. The Company’s main competence areas include development and redevelopment, as well as acquisition management. Its operations are concentrated around urban growth centers in Finland, Sweden and the Baltic countries, and they are organized into three divisions. The Retail Properties division markets the Company’s properties and manages their maintenance. The Property Development division primarily develops and extends the Company’s existing retails sites. The Leasing business division operates a portfolio of properties available to let. 

http://www.citycon.fi/

Citycon has Successfully Closed the Divestment of Property Portfolio to Cerberus Capital Management
 
HELSINKI, Finland, November 15, 2017 /PRNewswire/ --

CITYCON OYJ   Investor News   15 November 2017 at 16.00 hrs

In August, Citycon Finland Oy ("Citycon") and Cerberus Capital Management, L.P. ("Cerberus") announced a signed agreement whereby Citycon will divest assets in Finland. Today the agreement was closed and accordingly, Citycon divested its shopping centres Espoontori, Tikkuri, Myllypuron Ostari, Martinlaakson Ostari and Jyväskylän Forum to an affiliate of Cerberus.

CITYCON OYJ
For further information, please contact:
Marcel Kokkeel
Chief Executive Officer
Citycon
Tel. +358-40-154-6760
marcel.kokkeel@citycon.com

Citycon Oyj (Nasdaq Helsinki: CTY1S) is a leading owner, developer and manager of urban grocery-anchored shopping centres in the Nordic and Baltic region, managing assets that total almost EUR 5 billion and with market capitalisation of close to EUR 2 billion. For more information about Citycon, please visit www.citycon.com 


CONTACT:

Eero Sihvonen

Executive VP and CFO

Tel. +358-50-557-9137

eero.sihvonen@citycon.com


SOURCE Citycon Oyj

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