Cibus continues its expansion with the latest acquisition of a real estate portfolio in the Oulu region of Finland for €14,5m. The portfolio which comprises five retail properties is fully let with S Group as an anchor tenant, with an average remaining lease is 13 years and the lettable area is 7,135m².
The Company's CEO, Sverker Kallgarden, commented: "Including this acquisition, we have so far this year made acquisitions in Finland for over €70m, clearly above our growth target of €50m annually. In addition to this, we bought the Coop-portfolio for approximately €180m, our first acquisition in Sweden. It is a proof of strength by Cibus that we can continue to grow during these uncertain times. We are fully refinanced with a good cash position and look forward to the opportunities that will occur in the market."