Sirius Real Estate Sirius Real Estate, JSE-listed owner of industrial parks in Germany and the UK, has purchased a defence-supported business park in Fulda, located in the Hesse region of Germany, for €49.8 million, as part of Sirius' plans to increase its exposure to the defence sector which is growing in Europe.
JSE-listed Sirius Real Estate, a prominent player in branded business and industrial parks in the UK and Germany, has completed a significant acquisition by notarising the purchase of a defence-supported business park in Fulda, located in the Hesse region of Germany, for €49.8 million.
This deal reinforces the company’s commitment to expanding its portfolio within the light-industrial sector, while capitalising on long-term demand drivers.
The Fulda site, spanning 112,867 square metres, comprises 57,771 square metres of lettable space that is currently fully occupied.
The business park is generating an impressive annual rental income of €3.93m, underpinned by a weighted average lease expiry of 5.1 years, and reflects a robust net initial yield of 7.8%.
