Sirius acquires Mönchengladbach business park for over €17m
The group also exchanged contracts for the sale of its BizSpace Cardiff site for £5.075m
27 March 2025 - 10:27
Sirius Real Estate is to acquire a multi-tenanted business park in Mönchengladbach for €17.21m (R338m), it said on Thursday. The owner and operator of branded business and industrial parks in Germany and the UK also announced it has exchanged contracts for the sale of its BizSpace Cardiff site for £5.075m (R120m), representing a 10% premium to current book value.
Located on Cardiff’s city fringe, the property comprises 4,105m2 of lettable office space and will be converted into student accommodation by the buyer...
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