Purchase includes fully occupied grocery locations
Cibus Real Estate AB has entered into an agreement to purchase 13 grocery retail properties in western Sweden from Coop Väst. The transaction, valued at €36 million, is scheduled to close toward the end of November 2026.
Each of the properties is occupied by Coop Väst, leaving the portfolio fully let at the time of the agreement. The acquired assets are expected to produce €2.4 million in annual rent for Cibus.
The supermarket operator represents roughly 92% of rental income from the portfolio. Cibus said new 12-year triple-net leases have been signed for all of the stores, setting out the commercial terms that will apply after the acquisition is completed.
In a triple-net lease, the tenant typically covers operating expenses, property taxes, insurance and certain maintenance costs alongside its rent. Such agreements are widely used in commercial property transactions involving established retail tenants.
Existing Coop Väst leases also renewed
The newly acquired stores are only one part of the agreement between Cibus and Coop Väst. The real estate company has also extended 17 current leases in its existing Swedish portfolio.
Those agreements have been renewed for another 12 years, giving them an expiry date in December 2038. Cibus stated that the rental income from the properties included in the extension will not change as a result of the new lease terms.
For the company, the combined deal means it is adding a group of occupied assets while retaining a longer contractual relationship with a tenant across properties it already owns. The terms do not involve a revision to the rent generated by the 17 existing locations.
Letter of intent covers seven larger stores
A separate letter of intent has been signed for possible expansions at seven Coop Väst stores. Should those projects proceed, the lease periods for the relevant locations would be extended by 15 years.
Stina Lindh Hök, CEO of Cibus, said the company welcomed Coop’s continued investment in its physical store network. She added that the parties expect their cooperation to continue through acquisitions as well as improvement work at existing sites.
The agreement reflects Cibus’ focus on properties used by grocery chains and businesses linked to everyday consumer demand. Food retail assets can provide landlords with recurring income when stores are supported by long leases and maintained occupancy.
Closing planned before year-end
The acquisition remains subject to completion and is expected to be finalised before the end of November. Once closed, the 13 properties will join Cibus’ wider portfolio across Europe, where the company owns commercial real estate occupied by grocery and daily-needs retailers.
The €36 million deal does not merely add new properties. It also establishes extended lease commitments for 17 previously owned locations and outlines a potential growth plan for seven more stores operated by Coop Väst.
