Bochum: Sirius acquires business park for €26mn
Sirius reports that it has acquired a 56,000 sqm business park in Bochum with a net initial yield of 8.9% for €25.7mn. The seller is DOBA Grund Beteiligungs GmbH, part of the Doblinger Group. The space is currently 95% occupied and generating an annual rent of €2.6mn. According to Sirius, the lease with Pinkerton – which will expire at the end of May – has been replaced by a new, more lucrative contract with the Eickhoff Group. The deal will be financed in part by a capital increase and in part by a loan from Deutsche Pfandbriefbank with an interest rate of 1.4%.
Subscribers to our premium service have access to this article in full as well as to an additional 480,000+ news items: all filterable by topic, company, asset class, city or keyword. In TD Premium you can search for investment deals, leases, current project developments and company news with pinpoint accuracy.
TD Premium is Germany's leading property information tool that interconnects news, transactions, project data, market and company information in a unique and flexible system.