Citycon has acquired Magistral shopping centre in the Mustamae district of Tallinn, Estonia, for about EUR 17 mln. The fully-leased mall, completed in 2000, has a gross lettable area of 9,450 m[sup]2[/sup]. The company said that the shopping centre provides significant opportunities for development and extension. Citycon also agreed to acquire some 8,500 m[sup]2[/sup] of building rights for EUR 2 mln. The deal is expected to be finalised at the end of August.
Premium subscriber content – please log in to read more or take a free trial.
