Sirius Fund II has acquired a grocery store asset in central Finland, bringing the fund's investment levels to 70% of its €800 mln portfolio target.
The fund, which closed earlier this autumn, has the same daily goods investment focus as its predecessor, Sirius Fund I.
Between them, the two funds have now carried out some 20 transactions in the past 18 months. Sirius Fund II is expected to strike another five or so deals in the coming months.
'When fully invested, the two funds will own a combined daily-goods portfolio with a value of some €800 mln,' said Jonas Ahlblad, partner and CIO at Sirius Capital Partners, who acts as adviser to the funds.
'The average lease term is estimated at above 8 years and more than 90% of the assets are let to three highly credit-worthy and profitable tenants: Kesko, S-Group and Tokmanni,' Ahlblad concluded.