Cibus Acquires in Kuopio
Finland Cibus Real Estate has signed the acquisition of a single asset located in Siilinjärvi, a suburb of Kuopio in Finland.
The property signed today is let to Halpa-Halli on a long-term lease. It has an area of some 4,500 sqm and the total acquisition cost is around EUR 5M. The seller is a private developer. The closing of the transaction will take place at the end of June 2019.
"We are very happy to be able to continue the execution of the business plan for Cibus. The acquisition was financed through the recently refinanced credit facility. We expect to be able to announce further acquisitions in the near future," says Patrick Gylling, Chairman of the Board of Cibus.
The acquisition is financed with the facility included in the refinancing announced on 15 February 2019.