Sirius acquires several residential assets

Avance advises an affiliate of Sirius Capital Partners in the agreements to acquire seven assets comprising in total 261 rental apartments located predominantly in the Helsinki region as well as four assets comprising in total 129 rental apartments located in Helsinki and Turku. The assets are acquired pre-construction at a pre-determined price from three different sellers. The total investment cost for the transactions is approximately EUR 85 million in the aggregate. The construction works in all assets will begin within the next few months and the assets will be completed during 2023 and early 2024.