Citycon to divest 89 apartments in Jakobsbergs Centrum in Järfalla, Sweden
Citycon continues with the divestments of its residential portfolio in Sweden by
selling two residential buildings ("The Towers") consisting of 89 apartments in
the middle of shopping centre Jakobsbergs Centrum for SEK 120 million
(approximately EUR 12 million). The apartments were sold to a newly founded
owners association by an agreement where the owners association agreed to
purchase 100 per cent of the shares in Citycon's Swedish subsidiary Tenrot
Fastighets AB. The sold property has a total area of 8,237 sq.m. Closing of the
transaction is expected to take place in March 2010.
The divestment represents about 25 per cent of the total number of apartments in
Jakobsbergs Centrum. Including this transaction, Citycon has during the last 12
months agreed to sell over 35 per cent of its residential portfolio in Sweden
for a total amount of SEK 477 million (approximately EUR 47 million) in
transactions that are expected to be closed and paid during March or April
2010.
Helsinki, 12 February 2010
CITYCON OYJ
Petri Olkinuora
CEO
For further information, please contact:
Petri Olkinuora, CEO
Tel. +358 20 766 4401 or mobile +358 400 333 256
petri.olkinuora@citycon.fi
Ulf Attebrant, Vice President, Swedish Operations
Tel. +46 8 5228 0313
ulf.attebrant@citycon.se
Distribution:
NASDAQ OMX Helsinki
Major media
www.citycon.com
[HUG#1384131]