Citycon plans sale of three Finland shopping centers for EUR 422.6 million

Reuters2026/08/12 15:46

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Citycon plans to sell three Finnish shopping centers to Noga Finland Retail Properties at book value of about EUR 422.6 million.
Signing expected during H2/2026; closing targeted in H2/2026, conditional on Noga Retail Properties’ public securities offering.
Vendor loan contemplated up to EUR 84.5 million on arm’s-length market terms, sized on a post-closing principal basis.
Asset and property management mandates to be retained, generating customary management service fees and success fees.
Transaction supports the stated goal to divest about EUR 1 billion of assets over the next 24 months; 2026 outlook unchanged.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Citycon Oyj published the original content used to generate this news brief via Cision (Ref. ID: 20260812:BIT:6955:0) on August 12, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Citycon plans sale of three Finland shopping centers for EUR 422.6 million

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