The anchor tenants are Rema 1000 in Denmark and Norway, Tokmanni and Lidl in Finland as well as ICA in Sweden. The properties have a lettable area of 59,530 sqm and are 99.5 percent leased. Daily goods tenants account for approximately 75 percent of the total rental income.
Three of the transactions, accounting for 20 percent of the acquisition price, have been closed in March and April. The remaining two transactions will be closed in late April and early May.
"The properties are generally of a good standard and are located in established areas where the underlying operations perform well. We are pleased to have completed acquisitions that both enhance the quality of Cibus' portfolio and increase earnings per share" says Stina Lindh Hök, CEO of Cibus Real Estate.
All Nordics
Sweden
Denmark
Finland
Norway