Sirius Real Estate Ltd has acquired a development site in Munich, adjacent to its Munich-Neuaubing business park, for €13.3 million.
The site benefits from a highly desirable micro location, 10 miles from Munich city centre and 1 mile off the A99 motorway, providing excellent connectivity.
According to Sirius, the newly acquired property will generate rental income of approximately €740,000 per annum from day one.
The company intends to reposition the tenant base to maximise this income in the short term, while reviewing its development plans.
Sirius was supported by Ambiente Deutschland GmbH
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