News

Cibus Nordic Real Estate AB (publ) refinances part of its senior debt and continues to grow its portfolio through acquisitions

Cibus Nordic Real Estate AB (publ) ("Cibus" or the "Company") has signed the acquisition of a portfolio of six daily-goods properties in Finland. In conjunction with the transaction, Cibus has refinanced one of its three senior-loan facilities. The new €142 million facility has a lower margin than the previous one and includes the financing of the portfolio acquired today. The acquisition and the refinancing will have a positive effect on the Company's future cash flow.

The properties acquired today are all let to Kesko and Tokmanni. They have a combined area of some 23,000 sqm and the total acquisition cost was €30 million. The sellers were funds managed by WasaGroup Funds Oy, a Finnish real estate fund manager and developer.

In conjunction with the transaction, one of Cibus' senior-loan facilities was refinanced, lowering the margin, prolonging the maturity and allowing for the acquisition. Nordea Bank acted as the mandated lead arranger and coordinator of the bank consortium, where the other lenders are Swedbank and Aktia Bank.

"We are very happy to be able to continue the execution of the business plan we set out for Cibus at the time of the IPO in an even quicker pace than anticipated. We will now start the renegotiation of the remaining two loan facilities, which will allow us to continue the expansion of the portfolio as planned." says Patrick Gylling, Chairman of the Board of Cibus.

5 November 2018

For further information, please contact:
Patrick Gylling, Chairman of the Board, Cibus Nordic Real Estate (+358 40 54 26 397)

Cibus is a real estate company listed on Nasdaq First North in Stockholm. 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 132 properties in Finland. The main tenants are Kesko (57% of the properties), Tokmanni (27%) and S-Group (7%). An additional 5% of the properties are let to other daily-goods operators like Lidl, Halpa-Halli or independent grocers.

August 14, 2019

Cibus Nordic Real Estate AB (publ) bjuder in till telefonkonferens/audiocast den 30 augusti kl. 14. Bolagets VD, Sverker Källgården och CFO, Pia-Lena Olofsson, presenterar bolagets delårsrapport på svenska.

August 14, 2019

Cibus Nordic Real Estate AB (publ) invite to teleconference and audio cast on August 30, 2019 at 14.00 CET. The company's CEO, Sverker Källgården, and CFO, Pia-Lena Olofsson, will present the interim report for the second quarter 2019 in Swedish.

July 11, 2019
Regulatory

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.

June 28, 2019
Regulatory

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.

June 24, 2019
Regulatory

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.

May 31, 2019
Regulatory

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.

May 27, 2019

Cibus Nordic Real Estate AB (publ) ("Cibus" or the "Company") continues to build the organisation

May 23, 2019
Regulatory

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%.

May 15, 2019
Regulatorisk

Cibus Nordic Real Estate AB (publ) ("Cibus" eller "Bolaget") publicerar delårsrapport Q1 för perioden 1 januari 2019 till 31 mars 2019.

May 15, 2019
Regulatory

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.

May 15, 2019
Regulatory

Cibus Nordic Real Estate AB (publ) ("Cibus" tai "Yritys") julkaisee Q1 osavuosikatsauksen ajanjaksolle 1. tammikuuta 2019 – 31. maaliskuuta 2019.

May 08, 2019
Regulatory

Cibus Nordic Real Estate AB (publ) ("Cibus" or the "Company") continues to build its own organization with the recruitment of a CFO.

April 12, 2019
Regulatory

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.

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