OP Corporate Bank finances the acquisition of EUR 102 million real estate portfolio

Avance advises OP Corporate Bank in financing arrangements relating to Cibus Nordic Real Estate AB’s (publ) acquisition of a real estate portfolio of 7 assets in Finland for EUR 102m. The assets have a total lettable area of approx. 58,000 sqm, have been built between 2007-2018 and are located in the Helsinki, Tampere, Turku and Seinäjoki regions. All assets have either Kesko, Tokmanni or S Group as an anchor tenant and the weighted average lease maturity is close to six years. In connection with the acquisition, Cibus establishes a new senior debt facility with OP Corporate Bank.