CITYCON OYJ Investor News 18 December 2025 at 14:45 hrs
Citycon has today completed a deal to divest Lippulaiva residential housing companies in Espoo, Finland. The residential assets consist of 275 apartments totaling nearly 13,000 sqm, located next to Citycon’s Lippulaiva shopping center. The assets were sold at their latest IFRS book value for a gross purchase price of EUR 61.5 million, paid in cash.
This divestment is in line with Citycon’s strategy to divest non-core assets and to focus on its Nordic retail assets. The proceeds from this deal will be used to repay debt.
CITYCON OYJ
For further information, please contact:
Hilik Attias
Chief Financial Officer
Tel. +358 40 688 8580
hilik.attias@citycon.com
Anni Torkko
Director, Group Corporate Analysis & IR
Tel. +358 45 358 0570
anni.torkko@citycon.com
Citycon is a leading owner, manager and developer of mixed-use real estate featuring modern, necessity-based retail with residential, office and municipal service spaces that enhance the communities in which they operate. Citycon is committed to sustainable property management in the Nordic region with assets that total approximately EUR 3.8 billion. Our centres are located in urban hubs in the heart of vibrant communities with direct connections to public transport and anchored by grocery, healthcare and other services that cater to the everyday needs of customers.
Citycon Oyj’s shares are listed on Nasdaq Helsinki Ltd.