An affiliate of Sirius Capital Partners has signed two separate agreements to acquire four assets comprising in total 129 rental apartments.
The assets are acquired pre-construction at a pre-determined price from two different sellers. The total investment cost for the two transactions is approximately EUR 30 million. The construction works in 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”, says Patrick Gylling, CEO of Sirius Capital Partners.
Source: Sirius.fi on the 9th of June
https://www.sirius.fi/news/en/sirius-acquires-four-residential-assets-located-in-helsinki-and-turku/#:~:text=Sirius%20acquires%20four%20residential%20assets%20located%20in%20Helsinki%20and%20Turku,-9.6.2022&text=An%20affiliate%20of%20Sirius%20Capital,price%20from%20two%20different%20sellers.