trending Market Intelligence /marketintelligence/en/news-insights/trending/jYshEPVPDgAgKwcQnkK9vw2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Sirius Real Estate unveils €66.4M of property purchases, €18M of disposals

Gauging Supply Chain Risk In Volatile Times

The Commercial Real Estate CRE Sector Feels the Impact of the Coronavirus

Credit Analytics Case Study Poundworld Retail Ltd


IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help

Sirius Real Estate unveils €66.4M of property purchases, €18M of disposals

Sirius Real Estate Ltd. moved forward with €66.4 million worth of property acquisitions and €18 million of mature asset disposals in Germany over the last six weeks, it said in a release.

On May 31, the company completed a €22.9 million acquisition of an office asset in Cologne. The property includes 20,342 square meters of gross lettable space and is 99% let to multitenants. The transaction represents an 8.1% net initial yield, as determined by the European Public Real Estate Association.

Earlier in May, the company notarized the €15.8 million acquisition of one property in Neuss, alongside one in Neu-Isenburg for €9.7 million, and another in Grasbrunn for €18.1 million. The Neuss office building spans a net lettable area of 18,258 square meters, while the Neu-Isenburg asset is a mixed-use business park comprising office and warehouse space, with a net lettable area of 7,996 square meters. The Grasbrunn property, which comprises four office buildings, has a net lettable area of 14,791 square meters.

Meanwhile, the company completed the disposal of a mature asset in Dusseldorf for €11.0 million on May 19, which represents an EPRA net initial yield of 7.2%. The sale of the mixed-use business park comes at a 25% premium to the site's €8.7 million book value as at the end of September 2016.

In addition, Sirius Real Estate notarized the sale of another mature asset, this time located in Kiel, for €7.0 million, representing an EPRA net initial yield of 7.4%. Since the company acquired the mixed-use business park in 2007, occupancy rates have jumped from 19% to 92% over a net lettable area of 10,000 square meters.