Cibus Nordic Real Estate to acquire Forum Estates for €508m.

Cibus Nordic Real Estate, a real estate company, agreed to acquire Forum Estates, a Benelux based owner and manager of grocery and daily goods properties, for €508m. "We are working on executing an attractive acquisition opportunity in continental Europe in order to create accretive cash earnings per share for Cibus' shareholders. Not only is the potential acquisition of Forum Estates a well-matched strategic combination of both our property portfolios, it is also a cash earnings per share accretive transaction from day one. This is an important strategic step in creating a pan-European platform for grocery and daily goods properties, which enables further growth of our portfolio in the Benelux-region. We welcome the employees of Forum Estates to join the Cibus family and together continue by 'Converting Food into Yield'," Christian Fredrixon, Cibus Nordic Real Estate CEO.