Lippulaiva, in Espoonlahti neighbourhood in Espoo in the Helsinki Metropolitan Area is set for its next phase as Citycon Finland Oy and Lehto Group Oyj have signed a preliminary agreement on a development project. (more…)
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 […]
Myyrmanni to get a new S-market
The upgrade of the Myyrmanni shopping center is ready to be presented. A new S-market, a modernized restaurant and café offering and new establishments from Jysk and Seppälä are the news. (more…)
Iso Omena to open international restaurant complex
Espoo shopping center Iso Omena west of Helsinki introduces a new restaurant complex and café offers to go with the new Finnkino cinema. It is said to be unique among Finnish shopping centers. “Iso Omena restaurant supply will rise to international level”, says Citycon’s property development director Risto Seppo. (more…)
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 […]
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 […]
Citycon grew with Sektor-aquisition during 2015
Nordic shopping center giant Citycon’s revenues increased significantly during 2015 after the aquisition of Norwegian Sektor. Like-for-like, the net rental income increased by 1.1 percent. Sweden and Norway were the strongest markets. (more…)
New consumer survey: Stockholm’s best shopping centers
It did not take long for the Mall of Scandinavia to gain ground in Stockholm. On Thursday, it was appointed to Stockholm’s best shopping center by 1800 consumers. (more…)
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…)
Citycon bought out Åkersberga municipality
Citycon has bought the remaining 25 percent of shares in Åkersberga Centrum from Armada Fastighets AB, Österåker municipal housing company. (more…)
Citycon removed ad that did not reflect visitor’s diversity
Kista Galleria is known for its diversity among visitors. But in a filmed commercial was all participants white people. After a storm of criticism, Citycon has removed the advertising. (more…)
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 […]
Politicians to take position about new shopping center north of Gothenburg
E6 between Gothenburg and the Norwegian border may get a new retail park of 30,000 square meters. On Tuesday the politicians in Stenungsund take position on the issue. (more…)
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 […]
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 […]
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 […]
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. […]
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 […]
Ok to start Mölndal mall construction works
Scandinavian shopping mall company Citycon has got the green light to proceed with its new major initiative Mölndal Galleria developed with the NCC. The construction of the new mall starts in August. More than half of the space is already leased and now it is clear that Ica will move into the new mall with a […]
Citycon in double youth initiatives
Citycon makes two youth initiatives at its Swedish shopping centers. In Tumba a vacant room will be used as a meeting place – and in Kista opens a basketball court. (more…)
Kitch’n reveals first seven stores in Sweden
Norwegian retail chain for home and kitchenware Kitch’n will open seven stores in Sweden in 2015. The first store opens in Jakobsberg’s Centre in September. (more…)
Citycon’s strategy: The future is Nordic
”This nice region is a bit forgotten. Tell that to the people in London” That is the message from Citycon CEO Marcel Kokkeel being a major player also in Norway with 21 new shopping centres. And Citycon owner Gazit-Globe speaks of the possibilities of a full Nordic market, including Denmark. (more…)
Stordalen: Norway was in need of an international player
Citycon’s acquisition of Sektor is the biggest transaction in Norway. ”We had a a large challenge in Sektor – to attract new tenants to Norway. With Citycon we can, ” said Chairman Petter Stordalen today. (more…)
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 […]
15 new tenants ready for Mölndal project 2018
The new center of Mölndal outside Gothenburg has experienced some problems on the way. But now, three years before opening, the new developer Citycon presents fifteen new tenants to Mölndal Galleria. (more…)
IsoKristiina opens as Russians return to Lappeenranta
As Russian tourist shoppers are returning to Finland, they will have a new destination in Lappeenranta city centre. The first phase of the extension and redevelopment project of IsoKristiina shopping centre opened to customers Thursday. (more…)
Iso Omena to reach 100,000 sqm leasable area 2018
The new transportation hub makes Helsinki’s Iso Omena reach new heights. The Citycon shopping center will grow and have almost 100,000 square meters leasable area and more than 200 stores and other services by 2018. (more…)
Lower revenues – but a good 2014 for Citycon
Citycon met its financial targets for 2014, despite a weak development in Finnish retail – and a weaker Swedish currency. ”The results clearly demonstrate Citycon’s resilient business model and capacity to manage real growth,” comments CEO Marcel Kokkeel. (more…)
Citycon trials Beacon-app in Iso Omena
Citycon piloted in February and March the first Finnish trial of Beacon local positioning technology. Users of the app get rewarded with offerings and prizes. (more…)
Citycon to buy Køge project from TK Development
Strædet, the 19,000 square meter project in Køge center is sold before construction work has started. Citycon acquires the property after TK Development’s completion. ”Our focus in Denmark remains on urban grocery anchored shopping centres in the greater Copenhagen area, Citycon CIO Nils Styf says. (more…)
Citycon launches cross border gift card
Giftcards are getting more popular for each Christmas. Citycon now launches a new shopping centre gift card for making payments in seven shopping centres and over 700 stores. The card can be used in Finland and Estonia. (more…)
Kista Galleria opens new entrance
Kista Galleria opens a new entrance towards the residential areas in the north of Kista. The new entrance will increase accessibility for residents in the area – a region whose population is expected to grow by 24 percent over the next few years. (more…)
Sharp explosives found at café at Liljeholmsgallerian
The suspicious object that got the police to close Liljeholm mall in Stockholm on Wednesday evening was a several-pound bomb. Thanks to a café owner who took care of a coffee cup, a suspect has been identified by DNA. (more…)
Citycon now 100 percent owner of Iso Omena
Citycon aquires GIC’s 40 percent share in Iso Omena shopping centre in Espoo, Helsinki. ”As we enter a new development phase, we believe full ownership of the property will provide flexibility in terms of future development possibilities,” says Citycon’s CEO Marcel Kokkeel. (more…)
They are nominated for Swedish NCSC’s awards
Who’s had a great year and which shopping mall wins the award? Swedish section of Nordic Council of Shopping Centers, NCSC, has released nominations in five categories for NCSC Awards in October. (more…)
Citycon enters Mölndal project
Citycon has signed a joint venture agreement with NCC Property Development for the (re)development and letting of Mölndals Galleria. The new centre at the second busiest traffic hub in the Gothenburg are will have 70 shops and restaurants. (more…)
Kista mall opens digital library
Citycon continues to target municipal services as a key to their shopping centers. Next week a new library opens at Kista, northwest of Stockholm City. (more…)
Finnish seniors more social shoppers than Swedes
The Swedish seniors may not be as social as is often thought . Fewer than one in ten senior meet friends during their shopping trip. This is one of the results from Citycon’s fresh survey of shopping centers. Compared with the Finns – Swedes seem unsociable because Citycon survey reveals that one in five Finnish […]
Canadian Investment Fund buys 15 percent of Citycon
Canada Pension Plan Investment Board acquired KIsta mall in a joint venture with Citycon. Now they buy a part of Citycon. (more…)