Sirius offloads Maintal industrial park, buys in London
Branded business park specialist Sirius Real Estate has notarised the disposal of an industrial park in Maintal, in Germany’s southwest Hesse region, for €40.1 million, representing a net initial yield of 5.7%. The disposal was achieved at approximately 6% above the last reported book value. The Maintal industrial park offered Sirius little potential for further value creation, however its strategic location made it attractive to the purchaser, a trend we have witnessed in past disposals of mature assets. Furthermore, through...