The properties signed today are all newly built and let to Kesko and Tokmanni on long leases. They have a combined area of some 15,800 sqm and the total acquisition cost is around EUR 25 million. The seller is a domestic developer together with a group of private investors. The closing of the transaction will take place at the end of May 2019.
"We are very happy to be able to continue the execution of the business plan for Cibus. The two transactions announced in March complete the debt facility negotiated in February. They will together have a positive effect on the cash flow. We will now shift focus on renegotiating the remaining third senior debt facility," says Sverker Källgården, CEO of Cibus.