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December 20, 2019
Cibus Nordic Real Estate AB (publ) signs new acquisition

Cibus Nordic Real Estate AB (publ) ("Cibus" or the "Company") has today signed the acquisition of a grocery store property. The property is under development and transaction is targeted to close in May 2020 upon completion.

The acquired asset is a grocery store to be developed in Parainen, near Turku, leased to both the S-Group and Lidl. The average duration is more than 16 years. The project is targeted for completion in May 2020, after which the closing will take place. The total lettable area is approximately 5,000 sqm.

"This is a unique investment opportunity that we are very pleased with having secured. An brand new asset with excellent tenants and an average maturity of more than 16 years is exactly what Cibus is targeting to acquire. Having already earlier made acquisitions in Finland for EUR 50 million this year, this marks the first acquisition for reaching the same target also in 2020", says Sverker Källgården, CEO of Cibus.

20 December 2019

For further information, please contact:

Sverker Källgården, CEO, Cibus Nordic Real Estate (+46 761 444 888)

Cibus is a real estate company listed on Nasdaq First North Premier in Stockholm. The company's business idea is to acquire, develop and manage high quality properties in the Nordics with daily goods store chains as anchor tenants. The company currently owns approximately 140 properties in Finland. The main tenants are Kesko, Tokmanni and S-Group. FNCA Sweden AB, +46(0)8-528 00 399, is appointed Certified Adviser.