Citycon acquires three retail centers in Sweden (FI/SE)

Citycon Oyj has on 14 Sept. 2005 acquired three retail centers located in Åkermyntan, Kallhäll and Fruängen in Stockholm Metropolitan Area, Sweden.

The transaction is expected to close on 1 Nov. 2005. Debt free purchase price of the properties amounted to SEK 256.3 million (€27.6 million) and the annual net yield to 7.7% at the time of the signing. The transaction is in line with Citycon's growth strategy to expand its business in Finland, Scandinavia and the Baltic countries.

Source: Citycon

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