- CEO
- Eshel Pesti
- Full Time Employees
- 156
- Sector
- Finance
- Industry
- Real estate development
- Address
- Iso Omena Espoo UU Finland 02230
- IPO Date
- Nov 1, 1988
- Business
- Citycon Oyj Citycon Oyj is a Finnish real estate investment company that owns, develops, and manages mixed-use urban hubs and necessity-based shopping centres in the Nordics and Baltics, including Finland, Sweden, Norway, Denmark, and Estonia; its core offerings encompass retail spaces, offices, hotels, housing, food and beverage outlets, healthcare facilities, culture venues, and leisure services, with a portfolio of approximately 28 to 33 centres serving over 120 million visitors annually and anchored by grocery stores and public transport connections. The company, founded in 1988 and headquartered in Espoo, Finland, focuses on transforming urban locations into sustainable communities through leasing to retail, service, office, and residential tenants, while emphasizing long-term value creation and environmental initiatives such as AI-driven energy management. In recent developments, Israel-based G City Ltd. acquired an additional stake in November 2025, increasing its ownership to approximately 37.68 percent and triggering a mandatory public tender offer; Eshel Pesti, formerly of G City Europe, was appointed CEO in September 2025; the company reported strong Q1-Q3 2025 results with like-for-like net rental income growth of 5.7 percent, alongside divestitures such as the sale of Kristiine Centre in Estonia in late 2024 and ongoing incentive plans including new stock options for key management.