Cibus Real Estate AB (publ) ("Cibus") has signed an agreement to acquire 13 properties in Sweden and has simultaneously extended 17 leases with Coop in its existing portfolio.
Cibus has signed an agreement to acquire 13 grocery store properties let to Coop Väst. The total investment amounts to EUR 36.0 million, with annual rental income of EUR 2.4 million. Coop Väst accounts for approximately 92 per cent of the rental income and has signed new 12-year triple-net leases for all stores. The properties are fully let and located in western Sweden. Completion is expected in end of November 2026.
Cibus has also extended 17 existing leases with Coop Väst in Sweden by 12 years, until December 2038. Rental income from the properties covered by the lease extensions remains unchanged. A letter of intent has also been signed to expand seven stores and simultaneously extend the associated leases by 15 years.
"We are pleased that Coop continues to invest in developing its stores and that we can continue our partnership, both through acquisitions and the enhancement of our existing properties. We look forward to the investment in these stores and others in the future."
- Stina Lindh Hök, CEO
Contact
Stina Lindh Hök, CEO
Stina.lindhhok@cibusrealestate.com
+46 (0)8 12 439 100
About Cibus Real Estate
Cibus is a real estate company listed on Nasdaq Stockholm Mid Cap. The company's business concept is to acquire, develop and manage properties in Europe with daily goods chains as anchor tenants. The company currently owns approximately 700 properties in Europe. Its largest tenants are Kesko, Tokmanni, Coop, Rema 1000, S-gruppen, Lidl and Jumbo.