G-City to acquire Citycon for €697.6m.

G-City, a global real estate company, agreed to acquire Citycon, an owner and developer of urban hubs in the Nordics and Baltics, for €697.6m. G City has strong belief in Citycon’s assets and their quality, which are in line with G City’s portfolio and strategy. In addition, G City’s experience managing similar assets across multiple jurisdictions, access to capital, and long-term investment horizon enable it to pursue strategic initiatives and value-enhancing opportunities.