Creating
    urban crosspoints

     

     

    MISSION

    VISION

    We offer the best retail space and everyday shopping experience in urban shopping centres in the Nordics and Baltics. Citycon wants to be the household name for Nordic and Baltic shopping centres.

     


     

    Right assets

    Pure retail player focusing on necessity-based shopping centres in growing urban areas.

     

    Responsible shopping centre management

    Commitment to sustainable management and development and contributing to the community surrounding our shopping centres.

     

    Strong capital base

    Allocating capital efficiently and maintaining a conservative gearing level in order to maximize returns.

     

    Retail experts

    Using our retail expertise at each stage of the shopping centre value chain in order to create pleasant shopping experiences.

     


     

     


    Right assets

     

    IN PRACTISE WE

    OBJECTIVES FOR 2016

    • Invest in shopping centres in the largest cities in the Nordics and Baltics and locations supported by the urbanization trend and strong demographics.
       
    • Focus on daily shopping linked to public transportation, health care and municipal services.
       
    • Actively manage and develop our assets.
    • Focus on enhanced portfolio quality through active management and capital recycling.
       
    • Progress with current developments in Iso Omena and Mölndal Galleria and accelerate the development pipeline including Lippulaiva and Tumba.
       
    • Continue divestments of non-core properties, meaning supermarket and shop properties as well as smaller shopping centres in non-growing areas mainly in Finland and Norway.

     


     


    Responsible shopping centre management

     

    IN PRACTISE WE

    OBJECTIVES FOR 2016

    • Comply with high ethical principles and promote them throughout our value chain.
       
    • Create vivid and vibrant community hubs, contributing to the surrounding community in everything we do.
       
    • Commit to sustainable development, with a continuous aim to further increase the energy efficiency and environmental soundness of our shopping centres.

     


     


    Strong capital base

     

    IN PRACTISE WE

    OBJECTIVES FOR 2016

    • Secure sufficient and attractively prices financing in the capital markets in order to provide capacity and flexibility for strategy execution.
       
    • Recycle capital efficiently by focusing on assets where we have a competitive advantage.
       
    • Use long-term joint venture partnerships to extend the capital base, spread the risk and leverage expertise.
       
    • Commit to an overall business plan that maintains or improves our investment-grade credit rating. 
    • Maintain a strong balance sheet with low average cost of debt and diversified debt maturities.
       
    • Maintain or improve curred credit ratings.
       
    • Continue recycling of capital and investing in the core property portfolio.
       

     


     


    Retail experts

     

    IN PRACTISE WE

    OBJECTIVES FOR 2016

    • Leverage our market knowledge and customer insight to create a positive customer journey.
       
    • Invest in digital innovations that enrich the customer experience.
       
    • Offer an excellent place to work that supports professional growth and rewards performance.
       
    • Introduction and roll-out of a new digital community and loyalty programme.
       
    • Continue integration of Norwegian organisation and harmonisation of best practices.