Citycon agrees to sell the Porin Asema-aukio property for approx. €57 mln to Swedish property company Hemsö on a forward sale basis. The sale covers the new campus of the Satakunta University of Applied Sciences (SAMK) under construction on the Asema-aukio square in Pori.
Citycon is the sole owner and developer of the project and the ownership of the property will be transferred to Hemsö when the construction is completed and the facilities have been delivered to SAMK, potentially in May 2017.
The new SAMK campus will be located in the city centre of Pori, next to the railway station. The old office and retail building located on the plot has been partly demolished, and will be replaced by new buildings that will house SAMK education premises.
A total of 14,000 m² of new leasable space will be constructed and 9,000 m2 will be totally redeveloped. Of the total new 23,000 m² property, 19,200 m² will be in SAMK’s use with a lease for 20 years. In addition to SAMK, the current K-supermarket will remain as tenant. The property is fully let.