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Sirius Real Estate acquires business park in Essen for €10.7m
StockMarketWire.com
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German business park investor Sirius Real Estate said it had acquired an asset Essen for €10.7 million.
The transaction as by way of a sale and leaseback with engineering firm Thyssenkrupp and reflects an EPRA net initial yield of 6.5%.
The mixed-use business and industrial park offers 14,711 square metres of gross lettable area, of which 45% was warehouse, 42% office and 13% production space.
Story provided by StockMarketWire.com
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