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Sign in Sign up for a FREE subscriptionPareto establishes listed grocery anchored real estate specialist
Finland-based Cibus Nordic Real Estate AB, a newly established company, has acquired grocery-anchored real estate assets from Sirius Fund I Grocery and Sirius Fund II comprising 123 grocery stores across southern Finland.
The company was established by investment bank Pareto Securities.
The portfolio includes a gross lettable area of approximately 4.7 million square feet.
The property portfolio is valued at €767 million ($951 million) and anchored by the grocery stores Kesko, S-Group and Tokmanni.
Cibus Nordic Real Estate AB is scheduled to be listed on NASDAQ First North Stockholm on March 9, 2018, becoming the only listed real estate company in the Nordics to solely cover the daily goods sector.
