Helsinki-listed retail specialist Citycon has acquired the Kristiine Shopping Centre in Tallinn, Estonia from Pro Kapital for some EUR 105 mln. With a gross leasable area of 42,600 m2, Kristiine is Tallinn's second-largest shopping centre after Rocca al Mare, which is also owned by Citycon. Pro Kapital is one of the leading property developers in the Baltics.
CDC Investissement Immobilier, the real estate asset management subsidiary of French financial institution Caisse des Dépôts, has inked a strategic partnership with Covivio in Germany.
