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Tag Archives | Citycon

Citycon to have 75 % of all shopping centers certified

Citycon has launched an extensive project to introduce BREAAM In-Use certification for its shopping centres. So far, a total of 16 shopping centres owned by Citycon and four managed by the company have been granted the BREEAM In-Use certificate. Of these, eight are located in Norway, four in Finland, three in Sweden and one in […]

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Citycon to sell off Baltic shopping centre

Finnish based shopping center company Citycon has signed an agreement to sell the Magistral shopping centre in Tallinn, Estonia, to the Baltic commercial property fund EfTEN Kinnisvarafond II AS. The purchase price is 24 million EUR. “This divestment is in line with Citycon’s strategy to focus on urban, grocery-anchored shopping centres in the Nordics and […]

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Citycon expands organisation with eight new employees

After the acquisition of the Norwegian Sektor in July 2015 Citycon is now announcing that it employs eight people, including three operation engineers and a property technician in order to build its own operating organization. In addition, Citycon strengthens its Swedish organization with four specialists, all based in Kista. Joel Bjerking, formerly JLL, has been appointed […]

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Strömpilen shopping centre to lose major chains to new Ikea centre

Several major brands are leaving the shopping center Strömpilen in Umeå. The reason is that they move to Ikea’s new shopping center south of town. “Our stores in the city and Ersboda have worked well but not Strömpilen,” says KappAhl’s Establishment Director Hans Jepson to Västerbotten-kuriren. (more…)

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Marianne Håkonsen

Marianne Håkonsen new marketing director at Citycon

Citycon picks their Nordic marketing director from its recent aquisition in Norway. Marianne M. Håkonsen, the former Marketing Manager of Sektor Gruppen, has been appointed Citycon Oyj’s Vice President, Marketing and Branding and member of the Corporate Management Committee. Marianne Håkonsen will be responsible for leading the marketing and branding activities in all Citycon countries and furthermore […]

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Storbyen

Citycon takes full control over three Norwegian centers

Citycon has agreed to acquire the 31 percent minority stakes in Storbyen and Sjøsiden shopping centres in the Oslo region and Oasen shopping centre in Bergen for 31 million EUR from 4 minority shareholders. Citycon already owned the 69% majority share in these shopping centres, which were part of the Sektor Gruppen acquisition in July 2015. “The portfolio […]

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Citycon to drop the Sektor-brand, starting in Sarpsborg

Sektor Group changes name to its new owner Citycon. The idea is to make Citycon a strong shopping centre brand across all Nordic countries. Communciation design profile and layout in the former Sektor-centers will also be converted to the new Group’s approach. The refurbished Storbyen in Sarpsborg and Kilden in Stavanger are the first to […]

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XXL chose Ersboda in Umeå for new store

Norwegian sports retail chain XXL makes his first establishment in the region of Västerbotten in North Sweden by establishing in the trade area Ersboda in Umeå. The building with Willys and Jula as tenants, will be expanded by more than 4,000 square meters to accommodate XXL. The opening is planned for the spring in 2016. Now […]

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Eirik Thrygg

Sektor-CEO to leave after Citycon acquisition

Eirik Thrygg, Chief Executive Officer of Sektor for many years, and now member of Citycon’s Corporate Management Committee, is leaving the company and won’t take his new position in the pan-Nordic property company. “After 18 years of working in Sektor, I have decided to make a career change and take a new direction”, says Eirik Thrygg. […]

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Citycon sells Strömpilen – completes big Norwegian deal

Citycon has completed the acquisition of Norwegian Sektor Gruppen, the biggest shopping center deal in the Nordics this year. At the same time, the shopping center Strömpilen in Umeå, Sweden, and 13 Finnish grocery store properties are sold. ”A natural step in our strategy to refine our portfolio to major Nordic cities, focusing on grocery-anchored shopping […]

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Citycon aquires Sektor – becomes complete Nordic shopping centre operator

The Scandinavian shopping centre arena is consolidating. The next giant to be on all Nordic markets is Citycon. Today, the company acquired Norwegian second largest actor, Sektor Group, for 1.47 billion EUR. The acquisition is ”an excellent strategic fit”. ”This makes our Scandinavian establishment complete. Now we can offer a complete Nordic platform,” says Marcel Kokkeel, CEO […]

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