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Published: 5 february 2013 11:13

Finland’s Citycon eyes on Vilnius mall Europa

„Europos“ prekybos centras
Andriaus Vaitkevičiaus / 15min nuotr. / „Europos“ prekybos centras

Finland’s property developer Citycon, the owner of Vilnius mall Mandarinas, is interested in Europa, another mall in the Lithuanian capital, which is controlled by investment company BPT Asset Management, the web portal eversus.lt reports citing unnamed sources.

The Europa shopping center is controlled by BPT Secura, a BPT Asset Management’s fund, which is currently selling off its assets. Negotiations with potential buyers continued, Artūras Gegužis, a partner with Summa Advisers, which is advising BPT Asset Management, told the web portal.

“Apart from Italy’s investment company Baltic RE SIA, which has acquired an office building in the center of Riga, offers have also been submitted by investors from Scandinavia, the Baltic countries and Russia,” he said.

Summa Advisers believes that the remainder of BPT Secura’s property portfolio, which is worth a total of 126 million euros, will be sold by the end of 2013.

Citycon operates more than 27 malls in Finland, Sweden, Estonia, and Lithuania.

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