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Sirius Buys Office Complex Near Munich Airport - Quick Facts

Sirius Real Estate (SRE.L) has acquired an office complex in Hallbergmoos, near Munich Airport, for 20.2 million euros. The property is located on Lilienthalstrasse in Hallbergmoos where Sirius already owns two business parks. It provides a total of 19,600 sqm of net lettable space.

Andrew Coombs, CEO of Sirius Real Estate, said: "This asset fits well with our 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."

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