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Tag: Citycon

  • Citycon acquired plots adjacent to the Kristiine centre in Tallin

    Citycon acquired plots adjacent to the Kristiine centre in Tallin

    Citycon acquired the plots at Kotkapoja 1, 3, 5 adjacent to the Kristiine centre’s parking lot and is planning real estate development on the acquired land.

    The plots have an area of 5690 square meters and have the intended purpose of residential area.

    Approximately 130 stores on more than 40 000 square meters of business space are operating in Kristiine.

    Kristiine has 110 different fashion stores and 16 places to eat and is daily visited by about 16,000 people.

    The future development plan of the company also envisages the development of Rocca al Mare, another centre located in Tallinn, into a multifunctional living environment of the region. 

    Rocca al Mare centre in western Tallinn is planning to expand on account of the current parking lot, by building additional shopping as well as office space with the plans to also construct residential premises and a hotel.

  • Citycon, equity repayment of EUR 0.1250 per share will be distributed

    Citycon, equity repayment of EUR 0.1250 per share will be distributed

    The Board of Directors of Citycon Oyj has decided that an equity repayment of EUR 0.1250 per share will be distributed from the invested unrestricted equity fund of the company.

    The equity repayment will be paid to a shareholder registered in the company’s shareholders’ register maintained by Euroclear Finland Ltd on the record date of the repayment 22 June 2020.

    The equity repayment will be paid on 30 June 2020.Following the asset distribution on 30 June 2020, Citycon Oyj has distributed a total dividend and equity repayment of EUR 0.2875 per share during the year 2020.

    On 28 May 2020 it was announced that in 2020 the Board of Directors will use a maximum total amount of EUR 0.5375 per share from its total dividend and equity repayment authorization of EUR 0.65 per share from the Annual General Meeting 2020.