Due to market situation and investor interest Citycon Oyj is considering a divestment of about 75 non-core properties. Citycon's core business consists of shopping centers, supermarkets and other large retail units. As indicated earlier, the company is ready to sell off non-core properties in order to finance its core business growth in Finland, Scandinavia and the Baltic countries.
All of the sell-off properties with a total area of 96,000 square meters are located in Finland. The company aims to complete the divestment during the first half of 2006.
Source: Citycon
