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 the company and Mrs. Håkonsen and is the result of the company’s decision to integrate the marketing and branding department with operations under the direct responsibility of Chief Operating Officer (COO) Jurn Hoeksema.

Håkonsen joined Citycon in 2015 when Citycon acquired Sektor Gruppen and has been a member of the Corporate Management Committee since December 2015.

“I want to thank Marianne for her valuable contribution to the company during the past couple of years”, says Marcel Kokkeel, CEO of Citycon.

As a result of the change, effective January 2018, Citycon’s Corporate Management Committee will consist of the following members: Marcel Kokkeel, Eero Sihvonen, Anu Tuomola, Jurn Hoeksema and Tom Lisiecki.

SOURCE: CITYCON OYJ

For further information, please contact:
Marcel Kokkeel, CEO
Tel. +358 40 154 6760
marcel.kokkeel@citycon.com

Citycon is a leading owner, manager and developer of urban, grocery-anchored shopping centres in the Nordic and Baltic region, managing assets that total almost EUR 5 billion and with market capitalisation of close to EUR 2 billion. Citycon is No. 1 shopping centre owner in Finland and among the market leaders in Norway, Sweden and Estonia. Citycon has also established a foothold in Denmark.

Citycon has investment-grade credit ratings from Moody’s (Baa1) and Standard & Poor’s (BBB). Citycon Oyj’s share is listed in Nasdaq Helsinki.

www.citycon.com

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 is in line with the assets IFRS fair value. The transaction is expected to close in early March.

“The disposal of Lade is a natural step in our strategy to refine our Nordic portfolio, focusing on grocery-anchored shopping centres in urban crosspoints. This is our first divestment in Norway following the acquisition of the Norwegian business in the summer 2015. We will reinvest the proceeds from our divestments in developments and extensions of existing assets”, says Marcel Kokkeel, Chief Executive Officer at Citycon

Citycon Oyj (Nasdaq Helsinki: CTY1S) is a leading owner, developer and manager of urban grocery-anchored shopping centres in the Nordic and Baltic regions, managing assets that total approximately EUR 5 billion and with market capitalisation of over EUR 2 billion. For more information about Citycon, please visit www.citycon.com

Contact:
Marcel Kokkeel, CEO
Tel. +358 40 154 6760
marcel.kokkeel@citycon.com

Source: CITYCON OYJ

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 in line with the asset’s latest IFRS fair value. The transaction is estimated to close in Q1 2017.

“This divestment reflects Citycon’s strategy to focus on urban, grocery-anchored shopping centres in the Nordics and Baltics. Following this divestment all of Citycon’s investments in Sweden are shopping centres in the Stockholm and Gothenburg areas”, says Marcel Kokkeel, Chief Executive Officer at Citycon.

Citycon Oyj (Nasdaq Helsinki: CTY1S) is a leading owner, developer and manager of urban grocery-anchored shopping centres in the Nordic and Baltic regions, managing assets that total EUR 5 billion and with market capitalisation of over EUR 2 billion. For more information about Citycon, please visit www.citycon.com

Contact:
Marcel Kokkeel
CEO
Tel. +358 20 766 4521 or +358 40 154 6760
marcel.kokkeel@citycon.com

Source: Citycon Oyj

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 commenced and the nomination will be announced later on.

“I want to warmly thank Nils Styf for his significant contribution to the turnaround of Citycon’s asset portfolio over the last four years and wish him best success”, says Marcel Kokkeel, CEO of Citycon.

 

For further information, please contact:
Marcel Kokkeel, CEO
Tel. +358 20 766 4521 or +358 40 154 6760
marcel.kokkeel@citycon.com

Citycon Oyj (Nasdaq Helsinki: CTY1S) is a leading owner, developer and manager of urban grocery-anchored shopping centres in the Nordic and Baltic regions, managing assets that total EUR 4.7 billion and with market capitalisation of approximately EUR 2 billion. For more information about Citycon, please visit www.citycon.com

MEDIA CONTACT

Henrica Ginström
Vice President, IR and Communications

+358 50 554 4296
henrica.ginstrom (at) citycon.com

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 for many years.

Until the end of 2015 Thrygg will focus on supporting Citycon in the integration process of Sektor and ensuring a smooth transition for Citycon’s operations in Norway.

“The company respects Eirik’s decision to leave and to continue his career with another company. As one of the founders of Sektor, he has done an outstanding job of bringing this company to the position it enjoys today. We want to thank Eirik for his great contribution in the completion of the acquisition of Sektor. We wish him all the best and success in forthcoming challenges,” says Marcel Kokkeel, Chief Executive Officer at Citycon.

“After 18 years of working in Sektor, I have decided to make a career change and take a new direction. I have committed myself to support the integration process of Sektor into Citycon, before I depart at the end of the year”, says Eirik Thrygg.

CITYCON OYJ

For further information, please contact:
Marcel Kokkeel, CEO
Tel. +358 20 766 4521 or +358 40 154 6760
marcel.kokkeel@citycon.com

Citycon Oyj (Nasdaq Helsinki: CTY1S) is a leading owner, developer and manager of urban grocery-anchored shopping centres in the Nordic and Baltic regions, managing assets that total approximately EUR 5 billion and with a market capitalisation of approximately EUR 2 billion. For more information about Citycon, please visit www.citycon.com