Sirius makes €115m retail buy in Finland

Finnish real estate investment manager Sirius Capital Partners has acquired a portfolio of 20 retail assets located in Finland for a total of €115 mln.

The portfolio, which was acquired from a group of private investors, is anchored by tenants including Tokmanni, S-Group and Kesko and is largely located in the Helsinki region and Southern Finland, which represent around 50% of the package's net operating income.

'We have been active in investing in the Finnish retail sector now during the past year and continue to see many interesting opportunities within the sector,' said Jonas Ahlblad, CIO of Sirius Capital Partners. 'The acquired portfolio is characterised by strong cash flow combined with long and diversified lease maturities.'

CBRE Finland and Castrén & Snellman Attorneys advised the vendor. Krogerus Attorneys acted as the buyer’s legal advisor.