Citycon Oyj is a Finland-based property investment company that specializes in retail premises. Its principal activities include leasing, management and development of the property portfolio, as well as planning and commissioning of the construction of new premises. As of December 31, 2008, the property portfolio comprised 33 shopping centers and 50 other retail properties. The Company’s main competence areas include development and redevelopment, as well as acquisition management. Its operations are concentrated around urban growth centers in Finland, Sweden and the Baltic countries, and they are organized into three divisions. The Retail Properties division markets the Company’s properties and manages their maintenance. The Property Development division primarily develops and extends the Company’s existing retails sites. The Leasing business division operates a portfolio of properties available to let.
Quick Financial Synopsis
BRIEF: For the nine months ended 30 September 2009, Citycon Oyj's total revenue increased 3% to EUR137.4M. Net loss on ordinary activities applicable to ordinary holders decreased 87% to EUR11.8M. Net asset value per share decreased from EUR4.16 to EUR3.64. Citycon Oyj is a Finland-based property investment company which principal activities are leasing, management and development of the property portfolio.
Company Address
Citycon Oyj
Pohjoisesplanadi 35 AB Helsinki 00100
P: +3589.6803670 F: +3589.68036788