Sirius Real Estate strengthens its presence in Germany with the acquisition of a key business park in Mönchengladbach, as the company continues its strategy of expanding in high-demand markets.
Sirius Real Estate, a leading operator of business parks and flexible workspaces in Europe, has announced the acquisition of a strategically located business park in Mönchengladbach, Germany, for over €17 million. The move highlights the company’s ongoing commitment to expanding its portfolio in Germany, a country known for its robust industrial and commercial real estate markets.
The Mönchengladbach business park spans approximately 20,000 square meters of lettable space and boasts a diverse mix of tenants, ranging from logistics firms to manufacturing companies. The site is strategically positioned near major transport routes, making it an attractive location for businesses looking for accessibility and operational efficiency.
According to Sirius Real Estate, the acquisition aligns with the company’s strategy of investing in high-quality assets that offer significant potential for rental income growth and value enhancement. The business park’s current occupancy rate is reported at 85%, with opportunities for further leasing and optimization.
Andrew Coombs, CEO of Sirius Real Estate, stated, This acquisition is a key step in our growth strategy in Germany. Mönchengladbach is an important economic hub, and this property fits perfectly with our approach to creating flexible and sustainable workspaces that meet the needs of modern businesses.
The acquisition comes at a time when demand for flexible and adaptable commercial spaces is on the rise, driven by evolving business requirements in the wake of the COVID-19 pandemic. Sirius Real Estate has been actively expanding its footprint across Germany and the UK, leveraging its expertise to deliver value to tenants and shareholders alike.
Experts note that the German business park market remains resilient, with strong investor interest in well-located properties offering stable income streams. Sirius Real Estate’s latest acquisition underscores the company’s confidence in the long-term potential of this sector.
With this deal, Sirius Real Estate adds another high-performing asset to its portfolio, further solidifying its position as a leader in the European business park sector. The company plans to undertake targeted investments to enhance the property’s appeal and capitalize on its strategic location.
The acquisition is expected to contribute positively to Sirius Real Estate’s financial performance, reinforcing its reputation as a reliable partner for businesses seeking premium commercial spaces.
