Sirius acquires Krefeld business park

Sirius Real Estate, an operator of business parks in Germany, has acquired a business park in Krefeld for €9.2 million.

Located in Krefeld, near Dusseldorf, the business park has been acquired at a 6.7% EPRA net initial yield.

This is the third site that Sirius has acquired in Krefeld. It has 10,398 sq m of modern office and warehouse space, with occupancy of 72% and annualised rental income of €0.7 million.