Citycon secures new €220m loan

Finnish real estate company Citycon has further solidified its long-term liquidity and financial agility by securing a new €220 mln loan facility with a five-year term.

Citycon retail asset

This agreement aligns fully with the company’s current financial covenants, providing a robust foundation for ongoing operations.

Citycon manages a portfolio of mixed-use real estate assets in the Nordic region valued at approximately €3.8 bn. The company focuses on necessity-based urban hubs that integrate retail, residential, and office spaces with municipal services, anchored by essential services like healthcare and groceries.

Hilik Attias, CFO of Citycon, says: "We are very pleased with this successful loan transaction and the terms received. I would like to thank Aareal Bank for its commitment and support for our business. Together with the secured loan signed earlier this year, we have now executed two significant secured loan transactions in a short period of time, demonstrating strong lender interest in our high-quality assets. The transactions significantly extend Citycon’s debt maturity profile and reduce near-term refinancing needs, strengthening our balance sheet.”