Citycon has sold all the shares in Drabanten bostäder AB for approximately SEK 50.0 million (approx. EUR 5.6 million) to Bostadsrättsföreningen Stinsen 107-111. The sold company owns 47 apartments in Tumba Centrum in the municipality of Botkyrka in Sweden. The aggregate gross leasable area of the apartments is approximately 3,600 square meters.
The divestment is part of Citycon’s strategy to recycle and focus capital more strongly on the company’s core businesses.
For further details, please contact:
Vice President, Swedish Operations
Tel.: +46 72 530 99 33