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Sirius Capital Partners Spins Off $952M Portfolio To Cibus

Law360 (March 7, 2018, 7:00 PM EST) -- A pair of Sirius Capital Partners funds has spun off a portfolio of 123 grocery-anchored properties in Finland, selling the assets to newly formed Cibus Nordic Real Estate AB for €767 million ($952 million) as the new company prepares to go public later this week, Cibus said Wednesday.

Finland-based Cibus, with counsel from Roschier Attorneys Ltd., bought the properties from Sirius Capital Partners’ Sirius Fund I Grocery and Sirius Fund II. Cibus said the portfolio has an estimated €44.8 million in annual net rent.

Cibus shares...
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