The 12 properties, which constitute an attractive property portfolio of high-quality grocery stores in Northern Norway, are being acquired from AKA AS. The total leasable area of the acquired property portfolio amounts to approximately 23,100 square meters. The tenants in the property portfolio are REMA 1000 (nine stores), a Kiwi store, a Spar store and a Bunnpris store. The average remaining contract term is 7.7 years.

The rental income in the acquired property portfolio consists of 87 percent of grocery tenants and is well diversified both in terms of tenants and geography. Examples of other tenants include the discount retailer Europris. The properties are located in Northern Norway in locations such as Fauske, Hammerfest, Hesseng, Honningsvåg, Vadsø. A property list with the addresses of the stores is provided at the end of this press release. The economic occupancy rate of the property portfolio is 100 percent. The acquisition is financed with equity and bank financing via a bank loan with a loan-to-value ratio of approximately 50 percent.

The transaction is being carried out as a corporate transaction and consists of nine properties with occupancy on October 15, 2025 and three properties with occupancy on December 15, 2025.

In Denmark, Cibus has strengthened its team by opening its own office in Denmark and has appointed Anders Vibe Andreasen as Head of Asset Management Cibus Denmark. Anders Andreasen most recently comes from Fokus Nordic, where he worked as a Fund Manager, and has previously held roles at Danske Bank and PostNord. Anders took up his new position on September 1, 2025.

"Through the acquisition of the property portfolio in Norway and the establishment of our first own office in Denmark, Cibus strengthens its position in the grocery segment in Europe. These strategic initiatives contribute to further long-term and stable cash flows, increased cost efficiency and closer relationships with our tenants. The fact that we are now also growing in Norway, one of our smallest geographical markets, I believe demonstrates our ability to identify and realize earnings-enhancing opportunities in all our markets. The deal and the internalization are both fully in line with our strategy to increase earnings per share, and we have now communicated that approximately 90% of the capital from the new share issue in June 2025 has been allocated in an earnings-enhancing manner. We look forward to continuing to deliver on our strategy 'Converting Food into Yield'", says Christian Fredrixon, CEO of Cibus Nordic Real Estate AB.