Sirius Real Estate sells Dötlinger Strasse Business Park

Sirius Real Estate sells Dötlinger Strasse Business Park

Published at: 2019-04-04 11:57 | Author: CIJEurope.com
Sirius Real Estate has completed the sale of the Dötlinger Strasse Business Park in Bremen as part of its strategy of disposing of non-core assets. A private investor purchased the asset for €6.3m, which offers 10,273 sqm of mixed-used space. Currently, the park has 43% vacant space. "With the disposal of these non-core assets and the complete withdrawal from the non-core location of Bremen, we are now focused on Germany's 'big seven' cities,” said Chief Executive Andrew Coombs. "The proceeds from these sales provide us with additional capital to invest in our capex investment programme on the current portfolio and on new acquisitions."

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