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Citycon approves two new share-based incentive plans for the Group key employees

ESPOO, Finland, 2018-Feb-28 — /EPR Retail News/ — The Board of Directors of Citycon Oyj has approved two new share-based incentive plans for the Group key employees, a Matching Share Plan 2018—2020 and a Restricted Share Plan 2018—2020. The aim of the new plans is to combine the objectives of the shareholders and the key employees in…
February 28, 20180Comments

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Business Malls Management Marketing Retail

Citycon’s VP, Marketing and Branding Marianne Mazarino Håkonsen to leave the company

Espoo, Finland, 2017-Dec-20 — /EPR Retail News/ — Marianne Mazarino Håkonsen, Citycon Oyj’s VP, Marketing and Branding and member of the Corporate Management Committee will leave the company. She will step down from the Corporate Management Committee as of January 2018 and leave the company as of March 2018. The decision to leave is mutual between…
December 20, 20170Comments

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Business Financial Management Real Estate Retail Retailer

Citycon announces equity repayment of EUR 0.0325 per share

Helsinki, 2017-Dec-13 — /EPR Retail News/ — The Board of Directors of Citycon Oyj has today (12 December 2017) decided, on the basis of the authorisation by the Annual General Meeting 2017, that an equity repayment of EUR 0.0325 per share be distributed from the invested unrestricted equity fund of the company. The equity repayment…
December 13, 20170Comments

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Business Financial Management Retail Retailer Shopping

Citycon to release its Q3 financial results on Thursday, 19 October

Helsinki, 2017-Oct-17 — /EPR Retail News/ — Citycon will publish its Interim Report for 1 January – 30 September 2017 on Thursday, 19 October approximately at 9 am Helsinki time (Helsinki time is EET, which is CET +1). The report will be available on Citycon’s website immediately after publication. Citycon's investor, analyst and press conference call…
October 17, 20170Comments

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Business Financial Management Retail Retailer Shopping

Citycon to release its 3Q 2017 results on Thursday, 19 October

Helsinki, 2017-Oct-13 — /EPR Retail News/ — Citycon will publish its Interim Report for 1 January – 30 September 2017 on Thursday, 19 October approximately at 9 am Helsinki time (Helsinki time is EET, which is CET +1). The report will be available on Citycon’s website immediately after publication. Citycon's investor, analyst and press conference call…
October 13, 20170Comments

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Business Financial Management Retail Retailer

Citycon to host half-yearly report conference call on Thursday, 13 July

Helsinki, 2017-Jul-08 — /EPR Retail News/ — Citycon will publish its Half-Yearly Report for 1 January – 30 June 2017 on Thursday, 13 July approximately at 9 am Helsinki time (Helsinki time is EET, which is CET +1). The report will be available on Citycon’s website immediately after publication. Citycon's investor, analyst and press conference call…
July 8, 20170Comments

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Business Management Retail Retailer

Citycon completes sale of Satakunta University of Applied Sciences’ new campus building to Hemsö for EUR 57 million

Citycon completes sale of Satakunta University of Applied Sciences’ new campus building to Hemsö for EUR 57 million   Helsinki, Finland, 2017-Jun-01 — /EPR Retail News/ — Citycon has completed the sale of Satakunta University of Applied Sciences’ (SAMK) new campus building to Swedish property investor Hemsö for EUR 57 million. Following the completion of the development…
June 1, 20170Comments

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Business Environment Management Retail Retailer Shopping

Citycon builds new Lippulaiva shopping centre in Espoo that will house the largest geothermal power plant in the world

Citycon builds new Lippulaiva shopping centre in Espoo that will house the largest geothermal power plant in the world   Helsinki, Finland, 2017-May-17 — /EPR Retail News/ — Citycon is building the new state-of-the-art Lippulaiva shopping centre in Espoo, Helsinki Area. The heating and cooling of the shopping centre will be produced by renewable, carbon-neutral geothermal energy derived…
May 17, 20170Comments

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Business Management Retail Retailer Shopping

Citycon sells non-core retail property Lade in Trondheim, Norway to Frost Holding AS for EUR 21 million

Helsinki, Finland, 2017-Feb-28 — /EPR Retail News/ — Citycon has signed an agreement to sell the non-core retail property Lade at the outskirts of Trondheim to Frost Holding AS. The property has five tenants and covers 8,600 sq.m. of gross leasable area. The purchase price amounts to approximately EUR 21 million (NOK 183 million), which…
February 28, 20170Comments

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Business Financial Management Retail Retailer

Citycon announces release of 2016 annual report for both print and web

Helsinki, 2017-Feb-04 — /EPR Retail News/ — Citycon will publish its Financial Statements and Financial Statements Release for 1 January – 31 December 2016 as well as its Corporate Governance Statement on Thursday, 9 February approximately at 9 am Helsinki time (Helsinki time is EET, which is CET +1). The report will be available on Citycon’s…
February 4, 20170Comments

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Business Grocery Management Retail Retailer

Citycon divests retail property Länken in Umeå, Sweden

Helsinki, 2016-Dec-23 — /EPR Retail News/ — Citycon has signed an agreement to sell its share in the retail property Länken in Umeå to a Swedish real estate company. Citycon’s proceeds from the transaction are approximately EUR 24 million and subject to closing adjustments related to the ongoing (re)development in the property. The purchase price is…
December 23, 20160Comments

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Business Financial Grocery Management Retail Retailer

Citycon decided an equity repayment of EUR 0.0375 per share

Helsinki, 2016-Dec-23 — /EPR Retail News/ — The Board of Directors of Citycon Oyj has today (December 20, 2016) decided that an equity repayment of EUR 0.0375 per share be distributed from the invested unrestricted equity fund of the company. The equity repayment will be paid to a shareholder registered in the company’s shareholders’ register…
December 23, 20160Comments

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Business Financial Management Retail Retailer

Citycon to publish Interim Report for 1 January – 30 September 2016 on Thursday, 20 October

Helsinki, 2016-Oct-14 — /EPR Retail News/ — Citycon will publish its Interim Report for 1 January – 30 September 2016 on Thursday, 20 October approximately at 9 am Helsinki time (Helsinki time is EET, which is CET +1). The report will be available on Citycon’s website immediately after publication. Citycon's investor, analyst and press conference call and…
October 14, 20160Comments

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Asset Inventory Business Financial Management Marketing PR Retail Retailer

Citycon CEO KOKKEEL on 1H2016: stable financial results driven by the good performance in Sweden and Norway

HELSINKI, FINLAND, 2016-Jul-17 — /EPR Retail News/ — APRIL-JUNE 2016 - Gross rental income increased to EUR 62.2 million (Q2/2015: 46.6) mainly due to the acquisition of Norwegian shopping centre company Sektor Gruppen AS (Sektor) in July 2015. Gross rental income of Citycon’s Norwegian operations amounted to EUR 20.9 million. The acquisition also increased net rental income…
July 17, 20160Comments

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Business Financial Management Retail Retailer

Citycon CEO KOKKEEL on 1H2016: stable financial results driven by the good performance in Sweden and Norway

HELSINKI, FINLAND, 2016-Jul-16 — /EPR Retail News/ —   APRIL-JUNE 2016 - Gross rental income increased to EUR 62.2 million (Q2/2015: 46.6) mainly due to the acquisition of Norwegian shopping centre company Sektor Gruppen AS (Sektor) in July 2015. Gross rental income of Citycon’s Norwegian operations amounted to EUR 20.9 million. The acquisition also increased net rental income…
July 16, 20160Comments

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Asset Inventory Business Management Marketing Retail Retailer

Citycon to release its Interim Report for 1 January – 30 June 2016 on Thursday, 14 July

Helsinki, 2016-Jul-07 — /EPR Retail News/ — Citycon will publish its Interim Report for 1 January – 30 June 2016 on Thursday, 14 July approximately at 9 am Helsinki time (Helsinki time is EET, which is CET +1). The report will be available on Citycon’s website immediately after publication. Citycon's investor, analyst and press conference call and…
July 7, 20160Comments

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Awards Environment Malls Management Retail

Iso Omena shopping centre awarded a LEED® Platinum certificate for its extension that will open in August

HELSINKI, FINLAND, 2016-Jun-10 — /EPR Retail News/ — The Iso Omena shopping centre has been awarded a LEED® Platinum certificate for its extension that will open to the public in August. Platinum is the highest rating level within the environmental certification system. It is awarded to properties with superior energy, material and water efficiency and high…
June 10, 20160Comments

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Business Management Retail Retailer

Citycon’s CIO Nils Styf to leave the company

HELSINKI, FINLAND, 2016-Jun-03 — /EPR Retail News/ — Nils Styf, Citycon’s Chief Investment Officer and member of Corporate Management Committee, has decided to leave the company. Mr. Styf joined Citycon and the Corporate Management Committee in 2012. He will continue in his current position until the end of summer. The process of appointing his successor has…
June 3, 20160Comments

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Business Financial Management Retail Retailer

Citycon will publish its Q1 2016 Interim Report on Thursday, 28 April

HELSINKI, 2016-Apr-26 — /EPR Retail News/ — Citycon will publish its Interim Report for 1 January – 31 March 2016 on Thursday, 28 April approximately at 9 am Helsinki time (Helsinki time is EET, which is CET +1). The report will be available on Citycon’s website immediately after publication. Citycon's investor, analyst and press conference call and…
April 26, 20160Comments

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Business Financial Management Retail Retailer

Moody’s Investors Service upgrades Citycon’s credit rating to Baa1

Helsinki, 2016-Jan-16 — /EPR Retail News/ — Moody’s Investors Service has upgraded Citycon’s investment grade level long-term corporate credit rating to Baa1. The outlook is stable. The previous rating was Baa2 with a stable outlook. The rating was upgraded mainly due to Citycon’s improved business profile following the acquisition and integration of Norwegian Sektor Gruppen that increased…
January 16, 20160Comments

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Business Management Retail Retailer

Citycon appoints Marianne M. Håkonsen VP Marketing and Branding and member of the Corporate Management Committee

HELSINKI, FINLAND, 2015-12-18 — /EPR Retail News/ — Marianne M. Håkonsen has been appointed Citycon Oyj’s Vice President, Marketing and Branding and member of the Corporate Management Committee. Marianne M. Håkonsen (b. 1967) is a Norwegian citizen and has a Master of Science degree in Communications from the University of Montpellier. She will take her…
December 18, 20150Comments

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Business Financial Management Retail Retailer

Citycon’s Board of Directors to propose moving towards quarterly dividend payments

Helsinki, Finland, 2015-11-03 — /EPR Retail News/ — Following the global trend towards quarterly dividend payments, Citycon’s Board of Directors has decided that it will propose to the company’s Annual General Meeting 2016 that Citycon will move to quarterly distribution policy starting in 2016. Citycon’s Board of Directors has also restated Citycon’s current dividend distribution policy to…
November 3, 20150Comments

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Business Financial Management Retail Retailer

Citycon CEO KOKKEEL on Q3-2015: Sektor acquisition one of the most important events in Citycon’s history

Helsinki, Finland, 2015-11-03 — /EPR Retail News/ — THIRD QUARTER OF 2015 - Turnover increased to EUR 86.0 million (Q3/2014: EUR 61.4 million) mainly due to the acquisition of Norwegian shopping centre company Sektor Gruppen AS (Sektor). Turnover of Sektor amounted to EUR 27.7 million. This also increased net rental income which came to EUR 59.7 million (EUR…
November 3, 20150Comments

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Business Financial Management Retail Retailer

Citycon to publish its Interim Report for 1 Jan – 30 Sep 2015 on Wednesday, 28 Oct

Helsinki, Finland, 2015-10-22 — /EPR Retail News/ — Citycon will publish its Interim Report for 1 January – 30 September 2015 on Wednesday, 28 October approximately at 9 am Helsinki time (Helsinki time is EET, which is CET +1). The report will be available on Citycon’s website immediately after publication. Citycon's investor, analyst and press conference…
October 22, 20150Comments

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Malls Management Retail Retailer

Citycon: Extension of the IsoKristiina shopping centre in Lappeenranta now completed

HELSINKI, FINLAND, 2015-9-30 — /EPR Retail News/ — The major (re)development and extension of the IsoKristiina shopping centre in the heart of Lappeenranta is now completed. The project, which lasted about two and a half years, saw the old section of IsoKristiina completely refurbished, the shopping centre extended, and the adjacent Hotel Lappee connected to…
September 30, 20150Comments

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Management Retail Retailer

Citycon honoured again with Green Star status in the GRESB, Global Real Estate Sustainability Benchmark

Helsinki, Finland, 2015-9-2 — /EPR Retail News/ — Citycon was honoured again this year with Green Star status in the GRESB, Global Real Estate Sustainability Benchmark. Citycon received this recognition now for the fourth year in a row for its outstanding management and handling of key sustainability issues. Compared to last year Citycon’s score increased by…
September 2, 20150Comments

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Business Malls Management Retail

Citycon: the construction of Mölndal Galleria has now started in Mölndal, Sweden

The groundbreaking for the new Mölndal Galleria and the transformation of Mölndal’s city centre took place yesterday, 27 August in a ceremony held on the construction site. The event was jointly organised by Citycon, NCC, Riksbyggen and MölndalsBostäder, the four companies investing in the renewal of Mölndal city centre. Helsinki, 2015-8-28— /EPR Retail News/ — “We are…
August 28, 20150Comments

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Awards Malls Management Retail Retailer

Kista library in Citycon’s shopping centre Kista Galleria awarded the “Public Library of the Year Award 2015”

The library in Citycon’s shopping centre Kista Galleria has been awarded the "Public Library of the Year Award 2015". Since the library moved to Kista Galleria in August 2014, visits to the library have increased by 300% and book loans have doubled. Helsinki, FINLAND, 2015-8-19— /EPR Retail News/ — "Partnerships with stakeholders in the local…
August 19, 20150Comments

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Business Management Retail Retailer

Citycon’s Corporate Management Committee member Eirik Thrygg to leave the company

Eirik Thrygg, member of Citycon’s Corporate Management Committee, is leaving the company. Helsinki, 2015-8-11— /EPR Retail News/ — Thrygg will remain with Citycon until the end of 2015, but will not assume his new responsibilities as Chief Development Officer, as announced following the acquisition of Norwegian Sektor Gruppen. Thrygg has served as the Chief Executive Officer of Sektor…
August 11, 20150Comments

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