

‘Right assets’ stands for focusing on necessity-based, multifunctional shopping centres connected to public transportion in growing urban areas.
In recent years, Citycon has focused on enhancing its portfolio quality not only through (re)development projects, but also through divestments.
Since the strategy update in 2011, Citycon has divested 65 non-core properties and five residential portfolios for a total value of approximately EUR 750 million.
A core part of Citycon's strategy is to actively develop its shopping centres either via (re)developments or extensions. The objective is always to increase the commercial attractiveness and competitiveness of the shopping centre and thereby generate stronger rental growth while consolidating market value.
≥ 150 bps over required valuation yield
50% pre-leasing target
Read more on our current development projects.