Real estate firm Cibus has acquired 23 properties across Denmark, Finland, Norway, and Sweden through five separate transactions valued at 103.9 million euros. According to a press release, the portfolio generates annual rental income of 7.3 million euros, with a weighted average unexpired lease term (WAULT) of 7.8 years.
The properties span approximately 59,500 square meters and boast an occupancy rate of 99.5 percent. Grocery retailers account for roughly 75 percent of the rental income, with major tenants including Rema 1000, Tokmanni, Lidl, and ICA.
The majority of the deals have already closed, while the remainder are expected to be finalized in late April and early May. According to CEO Stina Lindh Hök, these acquisitions strengthen both the portfolio quality and earnings per share.
Cibus Nordic Real Estate AB (publ) is a Sweden-based company engaged in the real estate investment and management industry. The Company focuses on a pure play grocery-anchored real estate strategy, acquiring and managing properties leased to leading grocery and daily-goods retailers across Europe. Their key product is the Cibus grocery-anchored property portfolio, which is a real estate investment platform. It aims to deliver stable, inflation-linked rental income through long-term leases with essential retail tenants. Cibus controls and operates one of Europe’s largest and most strategic distribution networks for grocery and daily-goods, in collaboration with market-leading retailers such as Kesko, Tokmanni, Coop Sweden, S Group, Rema 1000, Dagrofa, Carrefour, and Lidl.
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