Real Estate & Construction / 24 Jun 2019

Borenius advised Citycon on the EUR 77 million sale of two shopping centres to NREP

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.

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