Nordic property investor Sirius has announced the acquisition of four residential assets in the Helsinki area and Turku for around €30 mln.
The assets comprising 129 apartments are acquired pre-construction at a pre-determined price from two different sellers.
The construction works of all assets will begin within the next few months and the assets will be completed in during Q2 and Q3 2023.
‘We are very excited to have been able to conclude these two transactions which are a perfect fit with our already existing residential portfolio. Our pipeline also remains strong and we expect to announce the next add-on acquisitions later in the month,’ said Patrick Gylling, CEO of Sirius Capital Partners.
In April Sirius raised €200 mln of equity at the final closing of its Sirius Fund IV. The Fund invests in build-to-rent residential assets in Finland, predominantly in the Helsinki region. It has already invested around 70% of its capital. The investors in the fund are all international institutional investors, such as multi managers, pension companies and family offices, with more than three quarters of the capital coming from the US and the rest from Europe.
