Citycon invites co-investor to Iso Omena Shopping Centre (FI)

Citycon signed an agreement today for the sale of part of shopping center Iso Omena to an affiliate of GIC Real Estate, the property investment arm of the Government of Singapore Investment Corporation. Upon closing of the agreement, Citycon will own 60% of the shopping center and GIC Real Estate, 40%. The parties have agreed that Citycon will continue to be responsible for the business and management of the shopping centre on customary terms.

The agreed debt-free purchase price,

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