Nordic shopping centre investor Citycon has potential to double its portfolio in the next four to five years, according to Chaim Katzman, chairman of the Citycon Board of Directors and Citycon's major shareholder Gazit-Globe. Currently Helsinki-based Citycon has a portfolio comprising 33 shopping centres and 49 other retail properties with a fair value totalling EUR 2.2 bn.
Nordic shopping centre investor Citycon has potential to double its portfolio in the next four to five years, according to Chaim Katzman, chairman of the Citycon Board of Directors and Citycon's major shareholder Gazit-Globe. Currently Helsinki-based Citycon has a portfolio comprising 33 shopping centres and 49 other retail properties with a fair value totalling EUR 2.2 bn.
'We see opportunities to expand in Scandinavia and the Baltics and to buy institutional trophy assets,' Katzman said in an interview with PropertyEU. An extra impetus, he said, was that international retailers are also showing growing interest in the region. 'We’re seeing interest from European retailers, but also from the US and Asia.'
The full interview is published in the February edition of ProeprtyEU Magazine. Click on the link below to subscribe
