Positive Signals in Footfall and Growth in Average Consumer Purchase for Citycon's Business

HELSINKI, June 1, 2020 /PRNewswire/ -- As the covid-19 situation improves and government restrictions ease in all of Citycon's markets, all centres are fully open and over 92% of tenants are now open for business. The total footfall is now tracking at 82% compared to 2019.

"We see a strong trend towards consumers returning to our centres. While the footfall numbers are returning to normal levels, consumers are clearly spending more when they go to our shopping centres and the average sales for April 2020 were 37% higher than the same period in 2019. While this is positive news, our focus continues to be ensuring safety and the security for customers, tenants and employees. We have implemented upgraded covid-19 safety measures," says F. Scott Ball, CEO at Citycon.

Citycon is a leading owner, developer and manager of urban grocery-anchored shopping centres in the Nordic countries. The total value of the property portfolio managed by Citycon is approximately EUR 4.4 billion. Citycon is the leading shopping centre owner in Finland and among the market leaders in Norway, Sweden and Estonia. Citycon has also established a foothold in Denmark.

For further information, please contact:

Sanna Yliniemi
Vice President, Centre Management
Tel. +358-41-456-3421
[email protected]

Laura Jauhiainen
Head of Investor Relations
Tel. +358-40-823-9497
[email protected] 

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