Development projects
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.
Key criteria
- ≥ 150 bps over required valuation yield
- 50% pre-leasing target
Investments in (re)developments of approx. EUR 150-200 million p.a. on average.
