Citycon opportunistically divests two non-core centres in Norway at attractive pricing
CITYCON OYJ Investor News 7 February 2022 at 17.40 hrsCitycon has signed an agreement to opportunistically sell two non-core shopping centres in Norway for approximately EUR 145.4 million (based on exchange rates as of 3 February 2022), corresponding a net initial yield of 5.2% and in line with the latest IFRS valuation of book value. According to the agreement, Citycon will divest Buskerud centre to Aurora Eiendom AS and Magasinet centre to Oslo Opportunity II AS and Vedal Investor AS. The transaction is estimated to close during Q1/2022.“These divestments continue to follow Citycon’