IN BRIEF: Sirius Real Estate inks EU43 million business park deals

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Sirius Real Estate Ltd - London and Johannesburg-listed property investor - Agrees to acquire a multi-let business park in Lubeck, north Germany, for €12.7 million. Also reaches an agreement to sell a business park in Pfungstadt on the outskirts of Frankfurt for €30 million. Says it expects to complete the Pfungstadt transaction in the final quarter of the current financial year.

‘These two transactions further progress our strategy of crystallising value from the sale of mature assets such as Pfungstadt and recycling capital into acquisitions where we have identified an opportunity to add value through our platform,’ Sirius Chief Executive Officer Andrew Coombs says.

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