Sirius Real Estate completed the acquisition of Reinsberg business park in Germany for €20.4m.

Sirius Real Estate, an owner and operator of branded business and industrial parks providing conventional space and flexible workspace, completed the acquisition of Reinsberg business park in Germany for €20.4m. "Our first acquisition of the year at Reinsberg follows our significantly oversubscribed €350 million bond issuance in January, and demonstrates both the strength of our pipeline and our ability to transact quickly. The acquisition takes advantage of a situation where we can add income and also have an opportunity for significant value creation. The purchase shows how we are able to leverage our platform to work with asset owners on partial sale and leaseback transactions that help them better manage their balance sheets while providing us with opportunities to enhance our portfolio," Andrew Coombs, Sirius Real Estate CEO.