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, S Group, Tokmanni and Lidl.
What we do
Cibus is running a pure play grocery anchored real estate strategy. The portfolio consist of daily goods and grocery properties all situated in Finland. More than fifty percent of the net operating income is originated from the Helsinki region and the portfolio at large holds a weighted average unexpired lease term of around five years.
More than 90% of the rental income is supported by anchor tenants like the leading grocery players such as Kesko and S Group and discount retailers with food like Tokmanni.
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 hardly threatened by the increasing popularity of e-commerce. Home delivery is a difficult strategy to execute on, in a market with low density housing and high labor costs on a low margin product as food. Food is also more difficult and expensive to deliver online since it needs to be handled correctly and fast in order to stay fresh. Our strategic locations however, opens up a natural distribution channel for other e-commerce. It is natural for customers to pick up their e-commerce while shopping in their local grocery store.
Converting food into yield