Citycon sells a retail property in Kuopio, Finland
CITYCON OYJ Investor News 9 April 2018 at 14.30 hrsCitycon has signed an agreement to sell a retail property in Kuopio to Special Investment Fund Fennica Toimitilat I for approximately EUR 22 million. The sales price is in line with the asset’s latest IFRS fair value and will be adjusted according to the contract terms in connection with the closing. The transaction is estimated to close during Q2 2018.“This divestment reflects Citycon’s strategy to focus on urban, grocery-anchored shopping centres in the Nordics. We will use the proceeds from the divestment in development and