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."

Similar Stories:

Szczecin’s total office stock tops 161,000 sqm
The total office stock in Szczecin has topped 161,000 sqm, most of which is located in the  »
Katowice’s total office stock reaches 528,000 sqm
Katowice’s total office stock grew 10 percent over the year to nearly 528,000 sqm at the  »
Duna investing €1.2m in Skopje administrative center
Duna broke ground on an administrative, development and logistics center in Skopje. The co  »
Svoboda & Williams Mediated the Lease of 2,952 sq. m. of Office Space for the C2H Investment Group
The Nile House office building, which offers 19,000 sq. m. of administrative space, is now  »
With demand for modern office space in Athens growing on a daily basis, developers and inv   »
HB Reavis broke into the big leagues by being aggressive on rents, building office space t   »
How would you describe the tenant mix at Mindspace? Co-working is a solution that takes i   »
You’re part of the HB Reavis group, which is an increasingly powerful player in office d   »