IN BRIEF: Sirius Real Estate buys two business parks in UK and Germany
Sirius Real Estate Ltd - London and Johannesburg-listed property investor - Acquires a business park in Dresden, Germany for EUR23.4 million and one in Bedford, England for GBP16.1 million. The Dresden site is occupied by the vendor, who has entered into a one-year sale and leaseback and is expected to vacate thereafter. Sirius plans to convert the site into a multi-let industrial park, following the tenant's departure. Says this site will be its fourth in the Dresden area, alongside Klipphausen, Reinsberg and MicroPolis. Read More