Plus   Neg

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."

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Starbucks on Tuesday said it has closed more than half of its stores in China temporarily due to the worsening coronavirus outbreak that claimed around 132 lives in the country. The coffee giant is also monitoring and modifying the operating hours of all of its stores in the region.The closed store count would be more than 2000 as Starbucks operates almost 4,300 outlets in China. eBay Inc. (EBAY) Wednesday reported a fourth-quarter profit that trumped Wall Street analysts' estimates, as did revenues. However, shares of the company slipped over 5% after the company issued a weak outlook for the first quarter. eBay's fourth-quarter profit dropped to $558 million or $0.69 per... Apple Inc. (AAPL) Wednesday reported a first-quarter profit that trumped Wall Street estimates, as the iPhone maker reported its "highest quarterly revenue ever" driven by strong demand for its iPhone 11 and 11 Pro models during the holiday season. The tech giant also issued a strong revenue outlook...
Follow RTT