Citycon to divest 89 apartments in Jakobsbergs Centrum in J?alla, Sweden
(Thomson Reuters ONE) - CITYCON OYJ Stock Exchange Release 12 February 2010 at 16:35 hrsCitycon to divest 89 apartments in Jakobsbergs Centrum in J?alla, SwedenCitycon continues with the divestments of its residential portfolio in Sweden byselling two residential buildings ("The Towers") consisting of 89 apartments inthe middle of shopping centre Jakobsbergs Centrum for SEK 120 million(approximately EUR 12 million). The apartments were sold to a newly foundedowners association by an agreement where the owners association agreed topurchase 100 per cent of the shares in Citycon's Swedish subsidiary TenrotFastighets AB. The sold property has a total area of 8,237 sq.m. Closing of thetransaction is expected to take place in March 2010.The divestment represents about 25 per cent of the total number of apartments inJakobsbergs Centrum. Including this transaction, Citycon has during the last 12months agreed to sell over 35 per cent of its residential portfolio in Swedenfor a total amount of SEK 477 million (approximately EUR 47 million) intransactions that are expected to be closed and paid during March or April2010.Helsinki, 12 February 2010CITYCON OYJPetri OlkinuoraCEOFor further information, please contact:Petri Olkinuora, CEOTel. +358 20 766 4401 or mobile +358 400 333 256petri.olkinuora(at)citycon.fiUlf Attebrant, Vice President, Swedish OperationsTel. +46 8 5228 0313ulf.attebrant(at)citycon.seDistribution:NASDAQ OMX HelsinkiMajor mediawww.citycon.com[HUG#1384131]
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Datum: 12.02.2010 - 15:36 Uhr
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