Citycon has successfully completed the transaction to acquire the remaining interest in Kista Galleria
CITYCON OYJ Investor News 29.2.2024 at 16:40 hrsCitycon has successfully completed the transaction to acquire the remaining interest in Kista Galleria in Stockholm, Sweden. Citycon has managed the centre since 2012 and before the transaction owned 50% of the asset. After the transaction, Citycon has 100% ownership. Kista Galleria has approximately SEK 2,400 million of debt and following the transaction Citycon assumed seller’s share of existing debt (approximately SEK 1,200 million) and made a cash payment (approx. EUR 2.5 million). The new loan is secured by additional two assets