Cibus Nordic Real Estate AB Signs Two Acquisitions in Finland for EUR 15.9 Million
May 28, 2021 at 07:37 am
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Cibus Nordic Real Estate AB (publ) has signed two acquisitions concerning in total five assets in Finland for EUR 15.9 million. The transactions are targeted to close on May 31 and June 30, 2021. The transaction targeted to close at the end of May includes four assets in Eastern Finland. The assets are let to Tokmanni with long leases and are located in Lieksa, Nurmes, Outokumpu and Parikkala. The asset to be acquired at the end of June is an S-market grocery store located in Vantaa with S Group as the sole tenant. The total lettable area of the five properties is ca. 10,700 sqm and the weighted average lease maturity approx. 7 years.
Cibus Nordic Real Estate AB (publ) is a Sweden-based company, which acquires, develops and manages properties within such business segments as grocery and discount store chains. It owns a portfolio consisting of more than 100 properties with lettable area of approximately 437,860 square meters. The portfolio is concentrated primarily in Sweden, Finland, Denmark and Norway. The Companyâs main focus lies on the Helsinki region and the southern part of Finland with tenants mainly being Kesko, Tokmanni and S-Group.