Sirius Real Estate has completed the sale of Bremen Brinkman Business Park. The purchase price was €15.5 m. The non-core site is located on the north coast of Germany outside of Sirius’s core target regions. The buildings, which offer a total of 48,700 sqm are configured for tobacco manufacturing. „The disposal of this asset at book value means we have unlocked €15.5 million of capital that can now be re-invested into our asset recycling programme where we know we can create significant additional value in key markets,” commented Andrew Coombs, CEO of Sirius Real Estate.
