Citycon

Citycon Oyj is a Finnish real estate investment company that owns, develops, and manages urban centers and other commercial properties in Finland, Norway, Sweden, Estonia and Denmark (formerly also in Latvia & Lithuania). The company primarily rents its premises to retail, service and office tenants and has also rental apartments. As of December 2025, Citycon owns 28 urban centres.[3] Of the urban centres 9 are located in Finland, including Iso Omena, 10 in Norway, 6 in Sweden, including Kista Galleria, 1 in Estonia (Rocca al Mare Shopping Centre) and 2 in Denmark. Citycon’s centres attract approximately 125 million visitors annually.[4]

The company is listed on the Main List of the Helsinki Stock Exchange.

History

Citycon was founded in 1988 by the Insurance Company Sampo Pension Ltd, Imatran Voima Oy, Rakennustoimisto A. Puolimatka Oy and Postipankki.[5]

Beginning in 2005, Citycon initiated its international expansion by acquiring properties in Sweden and Estonia(Rocca al Mare Shopping Centre), followed by further growth into Lithuania, Norway, and Denmark over the next decade.[6][7] Notably, in 2015, Citycon acquired Norwegian shopping centre operator Sektor Gruppen, making it the largest listed shopping centre company in the Nordics.[8]

In November 2025 the principal owner, G City, made an offer to take the company private at €4.00 per share.[3]