Sirius Real Estate - €20M acquisition of office complex near Munich
SRE Wed, 11 Dec 2019, 05:52pm GMT
Sirius is the leading operator of branded business parks providing flexible workspace to the German SME market.
Industry: Real Estate
Andrew Coombs, Chief Executive Officer of Sirius Real Estate, talks us through the recent acquisition of an office complex in Hallbergmoos, near Munich Airport, for €20.2 million. This asset fits well with Sirius's acquisition criteria, in particular the low capital value, the level of vacancy within the building and the low average rent compared to the local market makes it a great opportunity to add significant value.