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Real Estate & Construction / 8 Sep 2015

Borenius advised Citycon on EUR 76 million sale of grocery store portfolio

We advised Citycon on the EUR 76 million sale of a 60,000 sq.m. portfolio of 13 grocery store properties located across Finland to the Sirius Fund I Grocery real estate fund. The portfolio consists of the following assets: Lahden Kauppakatu (Lahti), Varkauden Relanderinkatu (Varkaus), Runeberginkatu 33 (Porvoo), Kirkkonummen Liikekeskus (Kirkkonummi), Vantaan Säästötalo (Vantaa), Porin Isolinnankatu (Pori), Kotkan Keskuskatu (Kotka), Vaakalintu (Riihimäki), Orimattilan Markkinatalo (Orimattila), Minkkikuja 4 (Vantaa), Karjaan Ratakatu (Raasepori), Hakunilan Keskus (Vantaa), and Puijonlaakson Palvelukeskus (Kuopio).

Citycon is a leading owner, developer and manager of urban grocery-anchored shopping centres in the Nordic and Baltic regions, managing assets that total EUR 5 billion and with a market capitalisation of approximately EUR 2 billion.

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