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 According to Sirius, the lease with Pinkerton – which will expire at the end of May – has been replaced by a new, more lucrative contract with the Eickhoff Group.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%.
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