Image: Citycon
Ticker

Citycon sold a shopping centre in Rovaniemi, Finland

Citycon has sold shopping centre Sampokeskus in Rovaniemi, Finland to a fund managed by Trevian AIFM. The total purchase price amounts to approximately EUR 16 million, which is close to the asset’s latest IFRS fair value. The transaction was closed on 30 November 2018.

“The divestment of Sampokeskus is a natural step in our strategy to refine our Nordic portfolio and focus on larger grocery-anchored shopping centres in urban crosspoints. We will use the proceeds from the divestment to strengthen our balance sheet and to fund our development pipeline,” says Tom Lisiecki, Chief Development Officer at Citycon.

 

Sign up for our ACROSS Newsletter. Subscribe to ACROSS Magazine.

Sign up for our ACROSS Newsletter. Subscribe to ACROSS Magazine.

Ticker MORE

JSE-listed EPP outperforms in 2018

JSE-traded EPP, the pure Polish retail property fund, delivered a total return of 21% in 2018 to significantly outperform the market, making it the top performing listed property company of the year. This is a significant difference from the benchmark index (SAPY) total return of -25%.

CEO Wereldhave Dirk Anbeek to step down

The Supervisory Board of Wereldhave NV announces that Dirk Anbeek, CEO of the Company, will leave Wereldhave after ten years per April 1, 2019, having accepted a position elsewhere, outside the real estate sector.

Good momentum for the new business year

Unibail-Rodamco-Westfield Germany looks back on a successful business year; the strategic focus for 2019 further on lies on optimizing the existing portfolio.

Kintyre appoints Guido Beddig to senior management team

Kintyre, the Frankfurt based investor and real estate manager, has announced the appointment of Guido Beddig (50), a well-known and experienced asset and property manager, to its senior management team.

BNP Paribas Real Estate and the company EHL Immobilien GmbH signed an alliance contract in Austria

BNP Paribas Real Estate has strengthened its European presence by signing an alliance contract, regarding Advisory services (Transaction, Consulting, Valuation) and Property Management, with the Austrian real estate company EHL IMMOBILIEN GmbH, headquartered in Vienna. Founded in 1991 and managed by Michael Ehlmaier, EHL IMMOBILIEN GmbH employs 193 people, based mainly in Vienna.

SIGNA ACQUIRES GÄNSEMARKTPASSAGE IN HAMBURG

SIGNA has acquired Gänsemarktpassage in Hamburg from MEAG, the asset manager of Munich Re and ERGO.