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Cibus Nordic Real Estate AB (publ) ("Cibus" or the "Company") has today signed the acquisition of a real estate portfolio of 7 assets in Finland for EUR 102m. The transaction is targeted to close on December 17, 2020.
The assets have a total lettable area of approx. 58,000 sqm, have been built between 2007-2018 and are located in the Helsinki, Tampere, Turku and Seinäjoki regions. All assets have either Kesko, Tokmanni or S Group as an anchor tenant and the weighted average lease maturity is close to six years. In connection with the acquisition, Cibus establishes a new senior debt facility with OP Corporate Bank.
"The properties are a perfect match to our existing portfolio, and this is an excellent opportunity for us to grow rapidly with a single acquisition. Furthermore, we are very happy for the new cooperation including a senior loan facility with OP", says Sverker Källgården, CEO of Cibus.
Including this, and previously announced but not closed acquisitions the Company assesses the total NOI on a yearly basis in the earnings capacity per December 31, 2020 to be EUR 72.6m.
For further information, please contact:
Sverker Källgården, CEO, Cibus Nordic Real Estate (+46 761 444 888)
Pia-Lena Olofsson, CFO, Cibus Nordic Real Estate (+46 70 858 04 53)
Cibus is a real estate company listed on Nasdaq First North Premier Growth Market 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 more than 280 properties in the Nordic. The main tenants are Kesko, Tokmanni, Coop and S Group. FNCA Sweden AB, +46(0)8-528 00 399 info@fnca.se, is appointed Certified Adviser.