Sirius Real Estate has completed its €15.1 (£13.4m) m purchase of a circa 42,000 sq m business park in Schenefeld, a town on the edge of Hamburg, reflecting a net initial yield of 7.8%.
The deal follows the business park investor’s €8.4m Hamburg-Hummelsbüttel acquisition completed in December 2017, and Sirius said the two sites combined “provide a good platform for its first investment into the city” which it said is a key market.
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Including:
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Fund house picks up city site from Nuveen
