We control and operate one of Finland’s largest and most strategic distribution networks for grocery trade and parcel services together with market leading grocery players such as Kesko and Tokmanni.
What we do
Cibus is running a pure play grocery anchored real estate strategy including a 770 million euro portfolio with more than 120 units operating grocery trade and parcel services. More than 90% of the rental income is supported by the leading grocery players Kesko and S Group as well as Tokmanni.
More than fifty percent of the net operating income is originated from the Helsinki region and the portfolio at large holds an weighted average unexpired lease term of five years.
Our grocery anchored real estate strategy enable us to leverage on and continue to create scale in a market with market-leading grocers where we can apply hands-on real estate expertise through a proactive approach to unlock value. The grocery sector is non-cyclical and less exposed to economic fluctuation compared to the retail sector at large.
In Finland, grocery retailing is less threatened by the increasing popularity of e-commerce. It is a difficult strategy to execute on, in a market with low density housing and high labour costs. However, our strategic locations throughout the network opens up for a potential to execute a broader omni channel approach needed to be successful.
Converting food into yield