Citycon Signed an Agreement to Acquire the Danish Shopping Centre Albertslund Centrum
Citycon has entered into an agreement to purchase shopping centre Albertslund Centrum in Greater Copenhagen area in Denmark from the Municipality of Albertslund for DKK 181 million (approximately EUR 24 million). The shopping centre’s gross leasable area is currently approximately 16,000 square meters; the transaction includes a purchase of a grocery store extension which will be bought at the time of its completion in the end of 2014. The extension will increase the GLA to approximately 20,000 square meters. The occupancy rate of the shopping centre is 97.5 per cent. On the acquisition