Cibus Nordic announces EUR 25.5m real estate portfolio purchase in Finland

Cibus Nordic Real Estate AB is a real estate company listed on Nasdaq First North Premier Growth Market in Stockholm.

STOCKHOLM: Cibus Nordic Real Estate AB has today signed the purchase of a real estate portfolio of three assets in Finland for EUR 25.5 million, a news release said.

The transaction is targeted to close on May 17, 2021. The assets have a lettable area of approx. 16,000 sqm and are located in the Jyväskylä, Turku and Mikkeli regions.

The largest asset is located in Muurame, Jyväskylä region, is built in 2016 and has Lidl and HalpaHalli as anchor tenants. The other two assets are anchored by S Group. The weighted average lease maturity of the portfolio is close to seven years.

“The assets suit our portfolio extremely well. The locations in strong city regions in Finland are good and anchor tenants Lidl, S Group and HalpaHalli add diversification to our strong tenant mix”, comments Sverker Källgården, CEO of Cibus.

Cibus Nordic Real Estate AB is a real estate company listed on Nasdaq First North Premier Growth Market in Stockholm.

The companys business idea is to acquire, develop and manage high quality properties in the Nordics with daily goods store chains as anchor tenants. The company currently owns approximately 300 properties in the Nordics. The main tenants are Kesko, Tokmanni, Coop and S Group.

www.cibusnordic.com

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