“These divestments continue to follow Citycon’ s strategy to recycle capital out of non-core assets in order to narrow our focus on larger, grocery, and municipal service-anchored urban hubs with direct connection to public transportation and development potential,” says F. Scott Ball, Citycon’s CEO.
He continues: “Furthermore, the transaction highlights the attractiveness and desirability of high-quality, Nordic retail assets to investors. The proceeds from this transaction allow us to further strengthen our investment grade balance sheet and provide the flexibility to pursue targeted and disciplined acquisitions.”
