Cibus Nordic Real Estate AB (publ) (OM:CIBUS) entered into an agreement to acquire Portfolio of 31 Grocery Stores in Denmark from ATP Ejendomme A/S in a transaction valued at approximately DKK 880 million on December 18, 2024. The first part of the transaction consists of 22 properties with the underlying property of approximately DKK 620 million and is carried out as a share deal and closing is set for December 19, 2024. The second part of the transaction, which includes the remaining nine properties with the underlying property of approximately DKK 260 million is carried out as a share deal for six of the properties and as separate property transfers for three of the properties. The acquisition is financed with a combination of equity and senior debt bank financing with a loan-to value ratio of approximately 50%. For the period ended December 31, 2023, Portfolio of 31 Grocery Stores in Denmark has reported an annual revenue of DKK 55.4 million.

The transaction is expected to close in the early February 2025.