Cibus Nordic Real Estate Expands Portfolio with Strategic Acquisitions

Cibus Nordic Real Estate AB, a leading property company listed on Nasdaq Stockholm, has announced a series of strategic transactions aimed at expanding its portfolio and optimizing asset management. The company has acquired three grocery store properties in the Nordic region and sold a non-operational site, aligning with its strategy to enhance cash flow and shareholder value.

The first acquisition involves a Bunnpris grocery store in Randaberg, with an underlying property value of 33.6 MNOK (approximately 2.9 MEUR). The store, boasting a lettable area of approximately 1,200 sqm, is set to be acquired through a company acquisition with a planned completion date of January 15, 2025. Financing for this acquisition is expected to be 50% bank-loaned.

In Sweden, Cibus has acquired a Willys grocery store in Bollnäs for 46 MSEK (approximately 4.0 MEUR), with a lettable area of about 4,200 sqm. The acquisition was completed on December 17, 2024, and similarly financed with a 50% bank loan.

The third acquisition is an ICA grocery store in Habo, valued at 26.6 MSEK (approximately 2.3 MEUR), covering a lettable area of approximately 1,500 sqm. This transaction was finalized on December 18, 2024, also financed with a 50% bank loan.

On the selling side, Cibus has divested a Coop grocery store in Ängelholm for 20 MSEK (approximately 1.7 MEUR). Although the store is currently non-operational, the sale was completed above the book value, demonstrating Cibus's ability to effectively manage and optimize its portfolio.

Christian Fredrixon, CEO of Cibus Nordic Real Estate, expressed satisfaction with the transactions, stating, 'These deals align with our strategy to increase cash flow per share and optimize our asset portfolio. The sale of a non-operational store above book value exemplifies our active asset management strategy.'

Given the strategic nature of these transactions and the company's robust approach to capital utilization, investors may consider holding their position in Cibus Nordic Real Estate. The acquisitions are likely to enhance cash flow and provide long-term value, while the sale demonstrates effective portfolio management.