Citycon’s portfolio consists of high performing, necessity-based retail assets predominantly in the Nordic and Baltic countries. During Q1-Q3/2025 Citycon had strong operational performance, which was also noted by S&P in their release, including over 95 percent retail occupancy rate, increasing average rents and continuously growing tenant sales and net rental income. 

Citycon has EUR 2.9 billion of unencumbered assets and are currently engaged in discussions with various lenders on secured loans. The company has received indicative term sheets for around EUR 600 million secured loans at 50-55 percent loan to value.