Cibus Real Estate AB has acquired four grocery-anchored properties in Finland through two separate transactions for a total purchase price of €12.5 million. The properties generate annual rental income of €1.1 million.
The portfolio comprises 4,587 m² of lettable area, corresponding to a purchase price of €2,725/m². All four properties are fully leased to Kesko, with grocery retail accounting for 98% of the portfolio. The average remaining lease term is 12.3 years, and the occupancy rate is 100%.
Three of the properties are newly built and located in Pori, western Finland. Kesko is the tenant in all three properties, with an average remaining lease term of 8.1 years.
The fourth property is a development project in Hämeenlinna, southern Finland. The property will accommodate a K-Supermarket under a 15-year lease agreement. Construction is scheduled for completion in December 2027. The Hämeenlinna asset has been developed by Urbanizator Oy.
The acquisitions will be completed in two phases. The three properties in Pori are scheduled to close in the fourth quarter of 2026, while the development project in Hämeenlinna is expected to close in December 2027.