Cibus

• Cibus Nordic Real Estate AB (“Cibus”) announced its first step into continental Europe through the contemplated acquisition of Forum Estates, an owner and manager of grocery and daily-goods properties in the Benelux
• The transaction is in line with Cibus’ financial policy while expected to be accretive from day one, with 3-5% earnings capacity per share accretion and 7% EPRA NTA accretion
• Signing and closing of the contemplated transaction is expected in Q1 2025, subject to customary closing conditions such as approval from the extraordinary general meeting of Cibus
• Van Lanschot Kempen is acting as Sole Financial Adviser to Cibus

Cibus is a real estate company listed on Nasdaq Stockholm Mid Cap. Cibus acquires, develops and manages high-quality properties in the Nordics with daily-goods store chains as anchor tenants. The company currently owns more than 450 properties in the Nordics with a gross asset value of €1.8 billion, yielding €123 million per annum in gross rental income. The largest tenants are Kesko, Tokmanni, Coop Sweden, S Group, Dagrofa and Lidl.

Forum Estates is a private real estate company headquartered in Belgium. Forum Estates is an owner and manager of grocery and daily-good properties in the Benelux. The portfolio consists of 149 properties with a gross asset value of €508 million, yielding €33 million per annum in gross rental income. The largest tenants are Carrefour, Jumbo, Spar Colruyt, Lidl and Albert Heijn.

• Van Lanschot Kempen has advised on more than €105 billion in real estate transactions across 15 different countries in Europe in the last 10 years
• Since 2020, Van Lanschot Kempen advised on more than 150 transactions across different countries, representing a total deal value of over €33 billion in a challenging and unprecedented environment
• The transaction underpins Van Lanschot Kempen’s unique position in Benelux real estate and retail property, having advised on transactions of more than €9 billion in aggregate with Benelux real estate companies and more than €2 billion with retail property companies since 2020, including the Benelux cross-border merger of listed companies Vastned Retail and Vastned Belgium that is expected to close on 1 January 2025