Cibus Nordic Real Estate AB (publ) continues to grow its portfolio through acquisitions
Cibus Nordic Real Estate AB (publ) ("Cibus" or the "Company") has today signed the acquisition of a portfolio of five assets in Finland. The acquisition is financed with the credit facility included in the refinancing announced on 15 February 2019.
The properties signed today are all newly built and let to Kesko and Tokmanni on long leases. They have a combined area of some 15,800 sqm and the total acquisition cost is around €25 million. The seller is a domestic developer together with a group of private investors. The closing of the transaction will take place at the end of May 2019.
"We are very happy to be able to continue the execution of the business plan for Cibus. The two transactions announced in March complete the debt facility negotiated in February. They will together have a positive effect on the cash flow." says Sverker Källgården, CEO of Cibus. He continues "We will now shift focus on renegotiating the remaining third senior debt facility."
25 March 2019
For further information, please contact:
Sverker Källgården, CEO, Cibus Nordic Real Estate (+46 761 444 888)
Cibus is a real estate company listed on Nasdaq First North in Stockholm. The company's 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 138 properties in Finland. The main tenants are Kesko, Tokmanni and S-Group. FNCA Sweden AB, +46(0)8-528 00 399 [email protected], is appointed Certified Adviser.
Om Cibus
Cibus affärsidé är att förvärva, förädla och utveckla högkvalitativa fastigheter i Norden med välrenommerade livsmedelsbutiker och dagligvarukedjor som ankarhyresgäster för att kunna ge en stabil, konjunkturoberoende och ökande utdelning till våra aktieägare.
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