We advised Citycon on the EUR 77 million sale of Arabia shopping centre in Helsinki and Duo shopping centre in Tampere to NREP.
Citycon is a leading owner, manager and developer of urban, grocery-anchored shopping centres in the Nordic region, managing assets that total approximately EUR 4.5 billion. Citycon is the No. 1 shopping centre owner in Finland and among the market leaders in Norway, Sweden and Estonia. Citycon has also established a foothold in Denmark.
NREP, founded in 2005, is a leading real estate investor and developer in the Nordics. The company manages a real estate portfolio of EUR 4 billion and employs over 150 professionals in the Nordics, of which over 40 in Finland. NREP operates in all major real estate segments: residential, office, retail and logistics. In addition to owning real estate, NREP develops its properties actively in tight cooperation with its stakeholders.