During the past two months, Sirius Fund II has executed six acquisitions for a total value of close to €100 million. These acquisitions together comprise 22 grocery store assets let on long-term leases to Kesko, S-Group and Lidl. With these acquisitions the fund is fully invested.
The fund has now together with its predecessor fund, Sirius Fund I, through 26 separate acquisitions over the past two years, assembled a daily-goods portfolio of a total value of some €800 million. The aggregated portfolio offers a very strong and stable cash flow on a long-term basis. The average lease term is around 8 years and 95% of the assets are let to the main Finnish daily-goods operators: Kesko, S-Group, Lidl and Tokmanni, which all are highly credit-worthy and profitable tenants.
Sirius Capital Partners:
Patrick Gylling, Partner and CEO, +358 40 542 6397,
Jonas Ahlblad, Partner and CIO, +358 50 563 7667,
Matti-Pekka Sävelkoski, Partner and CFO, +358 40 774 2909,