Citycon Oyj
Citycon Continues to Dispose Residential Properties in Sweden

Citycon Oyj 

16.05.2012 14:45
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CITYCON OYJ                 Investor News              16 May 2012 at 15.45 hrs

Citycon has agreed to sell all the shares in Citycon Jakobsberg Bostäder 3 AB
for SEK 90.0 million (approx. EUR 10.0 million) to Lärjungen Lägenheter 18 AB
owned by Akelius Lägenheter AB. The company to be sold owns 129 apartments in
Jakobsbergs Centrum in the municipality of Järfälla in Sweden. The aggregate
gross leasable area of the apartments is approximately 9,800 square meters. The
closing of the transaction is estimated to take place in July 2012. 

Citycon will recognize a gain on sale of approximately EUR 2.9 million on the
transaction. 

The divestment is part of Citycon's strategy to recycle and focus capital more
strongly on the company's core business. 

Helsinki, 16 May 2012

CITYCON OYJ

For further details, please contact:

Johan Elfstadius
Vice President, Swedish Operations
Tel.: +46 72 530 99 33
johan.elfstadius@citycon.com


Distribution:
NASDAQ OMX Helsinki Ltd.
Major media
www.citycon.com
News Source: NASDAQ OMX



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Language:     English
Company:      Citycon Oyj
              
               
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ISIN:         FI0009002471
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