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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.
Cibus Nordic Real Estate AB (publ)
Januari - mars 2020 (jämfört med januari - mars 2019)
Cibus Nordic Real Estate AB (publ)
January - March 2020 (compared with January - March 2019)
Organisationsbygget i Cibus Nordic Real Estate fortsätter med att bolaget anställt Peter Lövgren som CIO Sweden med ansvar för den svenska marknaden. Peter kommer rapportera till CEO Sverker Källgården och börjar sin anställning hos Cibus den 10/8.
Cibus Nordic Real Estate continue to build their organization by hiring Peter Lövgren as CIO Sweden, responsible for the Swedish operations. Peter will join Cibus on august 10th and will report to CEO Sverker Källgården.
Cibus Nordic Real Estate AB (publ) bjuder in till telefonkonferens/audiocast den 15 maj kl. 10:00. Bolagets VD, Sverker Källgården och CFO, Pia-Lena Olofsson, presenterar bolagets delårsrapport på engelska.
Cibus Nordic Real Estate AB (publ) invite to teleconference and audio cast on May 15, 2020 at 10.00 CEST. The company's CEO, Sverker Källgården, and CFO, Pia-Lena Olofsson, will present the interim report for the first quarter 2020 in English.
Aktieägarna i Cibus Nordic Real Estate AB (publ) ("Cibus" eller "Bolaget"), org. nr 559135-0599, kallas härmed till årsstämma fredagen den 24 april 2020 klockan 09.30 i City Conference Center, Norra Latins lokaler på Drottninggatan 71B, 111 23 Stockholm, Sverige.
The shareholders in Cibus Nordic Real Estate AB (publ) ("Cibus" or the "Company"), reg. no 559135-0599, are hereby invited to the annual general meeting on Friday, 24 April 2020, at 09:30 a.m., at City Conference Center, at the premises of Norra Latin at Drottninggatan 71B, 111 23 Stockholm, Sweden.