Citycon divests three shopping centres in Sweden
CITYCON OYJ Investor News 12 February 2021 at 9:00 hrsCitycon has signed a binding, unconditional agreement to sell a portfolio of three shopping centres in Sweden to Nordic real estate investor Niam. The gross purchase price for the assets is 1,483 million Swedish krona (147 million euros) and exceeds the assets appraised value. The shopping centres to be divested, Tumba, Högdalen, Fruängen, are located in the Stockholm area and the transaction is estimated to close during Q1/2021.F. Scott Ball, Citycon’s CEO, comments on the transaction: “This divestment follows Citycon’ s strategy