Citycon buys into retail properties in northern Sweden

Finnish commerical property company Citycon hass completed the acquisition of a 75% stake in the Swedish real estate company Balticgruppen Handel for SEK 490 mln (EUR 53 mln). Balticgruppen Handel owns a shopping centre in Strömpilenand and a retail property in Umeå, northern Sweden. Both assets feature extensive expansion and developments opportunities.

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