Cibus Expands Finnish Portfolio with Key Acquisitions

Cibus Nordic Real Estate, a prominent player in the real estate market, has announced two significant acquisitions in Finland, further cementing its presence in the region. The first transaction involves the acquisition of five properties from Tokmanni, a leading Finnish retail chain, in a sale-and-leaseback deal valued at 21.6 million euros. These properties, located in Euraåminne, Kuopio, Pälkäne, Sibbo, and Sodankylä, boast a total leasable area of approximately 15,700 square meters. Notably, four of these properties were constructed in 2024, with the Kuopio property set for completion in late 2025. Tokmanni has committed to a 10-year lease agreement, ensuring stable rental income for Cibus.

The second transaction is the acquisition of a Prisma supermarket in Tusby, part of the Helsinki region, for approximately 39.8 million euros. This property, with a leasable area of 9,300 square meters, is leased to S-gruppen under a long-term agreement. Currently under construction, it is expected to be completed by the third quarter of 2026. The acquisition from Nrep, a Nordic real estate investor and developer, is structured as a forward funding agreement, highlighting Cibus's strategic foresight in securing valuable assets ahead of time.

Christian Fredrixon, CEO of Cibus Nordic Real Estate, expressed enthusiasm over these developments, emphasizing the company's commitment to expanding its portfolio of grocery-anchored properties in Finland. He noted the importance of these acquisitions in aligning with Cibus's ESG goals and long-term lease strategies. The addition of the Prisma supermarket marks Cibus's first collaboration with S-gruppen, signaling potential for future partnerships in the region.

For investors, these transactions highlight Cibus's strategic approach in enhancing its asset base with high-quality, sustainable properties that promise stable returns. The company's focus on long-term leases with reputable tenants like Tokmanni and S-gruppen provides a solid foundation for consistent rental income. Furthermore, the choice to finance these acquisitions with a 50% loan-to-value ratio demonstrates prudent financial management, balancing growth with fiscal responsibility.

Given the positive outlook and strategic positioning of Cibus in the Nordic real estate market, investors might consider this a buy opportunity. The company's ability to secure long-term leases with leading retail chains, coupled with its commitment to sustainability, positions it well for future growth and stability.