A newly-established affiliate of the Finnish real estate investment manager Sirius Capital Partners has signed an agreement to acquire a portfolio of 13 residential buildings, comprising more than 700 apartments in Finland. The seller is YIT, the largest construction company in Finland. The assets are acquired pre-construction at a pre-determined price and will be completed in 2022 and 2023. The total purchase price is approximately EUR 170 million.
“We are very happy to continue the residential acquisition announced yesterday with a very sizeable portfolio from YIT. We find the Finnish residential sector very interesting and have several more transactions in our pipeline for the rest of the year.”, says Patrick Gylling, CEO of Sirius Capital Partners.
Patrick Gylling, Partner and CEO, +358 40 542 6397, email@example.com