Cibus has today signed and completed the acquisition of an asset let to Tokmanni in Kemi (3,500 sqm) as well as the acquisition of one asset let to Lidl (2,200 sqm) and one to Halpa-Halli (5,300 sqm), both located in Saarijärvi, near Jyväskylä. The sellers were separate private developers and the combined total acquisition cost was €16.5 million.
The transactions were financed with senior debt. In conjunction with the transaction, discussions have been initiated regarding the refinancing of one of Cibus' senior-loan facilities. The refinancing of the senior facility is expected to lower the financing expenses of the portfolio as well as allow for further additional acquisitions.
"We are very happy to be able to start executing on the business plan we set out for Cibus at the time of the IPO. The acquired assets are let to leading daily-goods operators in Finland and thus fit well with the overall portfolio and have a small, but accretive effect on the cash flow of the Company." says Lisa Dominguez Flodin, CEO of Cibus Nordic Real Estate.
For further information, please contact:
Lisa Dominguez Flodin, CEO Cibus Nordic Real Estate (+46 70 237 71 12)
Cibus is a real estate company listed on Nasdaq First North in Stockholm with FNCA Sweden AB as Certified Adviser. The company's business idea is to acquire, develop and manage high quality properties in the Nordics with reputable grocery and discount store chains as anchor tenants. The company currently owns 126 properties in Finland. The main tenants are Kesko (58% of the properties), Tokmanni (25%) and S-Group (8%). An additional 6% of the properties are let to other daily-goods operators like Lidl, Halpa- Halli or independent grocers.
Cibus Nordic Real Estate AB (publ), ticker symbol CIBUS, the real estate company that converts food into quarterly yield, announces that Nasdaq Stockholm approved Cibus for Nasdaq First North Premier. The move to Nasdaq First North Premier is a natural next step in the preparations for the main market listing which is a prerequisite for inclusion in the EPRA-index.
Cibus Nordic Real Estate AB (publ) ("Cibus" or the "Company") has this week through three separate transactions added three daily goods properties to its portfolio. The company has furthermore signed the acquisition of one property, which is estimated to close in January 2020 upon completion. One of the deals closed this week was already signed and announced on 4 March 2019.
Following the refinancing of the first two of its three senior debt facilities, announced in November 2018 and February 2019, Cibus Nordic Real Estate AB (publ) ("Cibus" or the "Company") has now refinanced the final remaining senior debt facility. The refinancing has a positive effect on the Company's future cash flows.
Cibus Nordic Real Estate AB (publ) ("Cibus" or the "Company") has today closed the acquisition of a portfolio of five assets in Finland. The acquisition was signed and announced on 25 March 2019.
Cibus Nordic Real Estate AB (publ) ("Cibus" or the "Company") continues to build the organisation
SFC Holding S.á r.l. ("SFC"), a company owned by Sirius Fund I Grocery SCSp and Sirius Fund II SCSp, has sold a significant part of its shares in Cibus Nordic Real Estate AB (publ) ("Cibus" or the "Company") in an accelerated book-building process, reducing its ownership share by three quarters to approx. 10.3%.
Cibus Nordic Real Estate AB (publ) ("Cibus" eller "Bolaget") publicerar delårsrapport Q1 för perioden 1 januari 2019 till 31 mars 2019.
Cibus Nordic Real Estate AB (publ) ("Cibus" or the "Company") releases the interim report for the period of 1 January 2019 through 31 March 2019.
Cibus Nordic Real Estate AB (publ) ("Cibus" tai "Yritys") julkaisee Q1 osavuosikatsauksen ajanjaksolle 1. tammikuuta 2019 – 31. maaliskuuta 2019.
Cibus Nordic Real Estate AB (publ) ("Cibus" or the "Company") continues to build its own organization with the recruitment of a CFO.
Cibus Nordic Real Estate AB (publ) ("Cibus" or the "Company") has today sold an asset located in Kuopio, Finland to the tenant. The price exceeded significantly the valuation of the asset, but since the asset was small the effect on the Company metrics is also small.
Vid årsstämma den 11 april 2019 i Cibus Nordic Real Estate AB (publ) fattades i huvudsak följande beslut:
At the annual general meeting held on 11 April 2019 in Cibus Nordic Real Estate AB (publ) the main resolutions passed were the following:
Converting food into yield