Find in the news:
BY COUNTRY

GIC sells Iso Omena shopping center ownership share to Citycon



Citycon has agreed to purchase the 40% share GIC holds in the Iso Omena shopping center in the Helsinki area.
This transaction will result in Citycon obtaining 100% ownership of the center.  The purchase price offered is consistent with Iso Omena’s current fair value.

GIC has been a co-owner of the center since 2008, during which Iso Omena’s performance has remained strong with its net rental income increasing by around 30% and its visitor and sales figures increasing by around 17%.

The CEO of Citycon, Marcel Kokkeel, stated his pleasure at working with GIC over the years and thanked them for their commitment to make Iso Omena one of the most successful centers within the Helsinki region.  He said they were entering a new development phase and is of the opinion that full ownership of the mall will offer them the flexibility they require for future development.

Iso Omena is the largest shopping center Citycon holds in Finland and is in the process of a massive redevelopment and expansion project.  The first phase of the expansion project is being done in a 50-50 partnership with NCC Property Development.  The expanded Iso Omena, with 75000m² of retail area, is due to open during the late summer of 2016 and will have full integration into the bustling Matinkylä station on the new western metro line.

More about shopping malls in Finland



TODAY:
Walmart has introduced an innovative digital shopping platform.
YESTERDAY, China:
The move into China comes after a successful pop-up event in Shanghai last fall.
DAY BEFORE YESTERDAY, China:
Located in the SKP shopping centre in Beijing’s Central Business District.
May 27, 2024, France:
The brand is set to open a flagship store in the Parisian district of Le Marais.
May 24, 2024, USA:
Stüssy is preparing to launch the new archive store in Brooklyn, New York, for one month.
May 23, 2024:
Located on Broadwick Street in Soho, London.
Friend
and Follow
Westfield World Trade Center GLA:365 000 SF
ADDRESS: World Trade Center, Manhattan, NY 10007
212 Istanbul Power Outlet GLA:753 474 SF
ADDRESS: Mahmutbey Merkez Mah. Taşocağı Cad. No:5 Bağcılar  /  İstanbul
Turkey . Istanbul
212 Istanbul Power Outlet
Adigeo GLA:452 084 SF
ADDRESS: Verona city center
Italy . Verona
Adigeo
K in Lautern GLA:224 966 SF
ADDRESS: 67655 Kaiserslautern
Germany . Kaiserslautern
K in Lautern


Edit text

Dear visitor!
If You wish to add appropriate information to this description, please make changes in the text below and they will take effect after being verified by Malls.com administrator.

SAVE CHANGES
ADD PHOTO

Dear visitor!
If you desire to add more photos to this description, please upload them and they will appear on the page after being verified by Malls.com administrator.

CHOOSE PHOTOS
SAVE CHANGES
Sign in Malls.com
Sign in please, if you already have an account

Registration



Error filling
Error filling
Error filling
Error filling
Thank you!
You will receive e-mail with registration data shortly. In email you'll find link, confirm your account by clicking on it, please.

Malls.com Team
Thank you for message!
In the near future you will be contacted the manager
for further details.

Malls.com Team
Good mall, bro!
In the near future you will be contacted the manager
for further details.

Malls.com Team
We are dissatisfied with you :-(
In the near future you will be contacted the manager
for further details.

Malls.com Team

Write to us