Sirius Real Estate, the leading owner and operator of branded business and industrial parks offering conventional and flexible workspace in Germany and the UK, has notarised the acquisition of a business park in Klipphausen, near Dresden.
The site has been acquired from a corporate owner-occupier who plans to vacate the building approximately six months after completion. Sirius plans to redevelop the site, which currently comprises approximately 17,700 sqm of modern, predominantly light industrial and manufacturing space, into a multi-tenanted business park. Sirius' asset management platform has identified a number of parties interested in leasing space on the site, which in aggregate already exceeds the total lettable area of the site. There are also plans to expand the park by developing the adjoining 10,000 sqm of land that forms part of the acquisition.
The property is strategically located in the town of Klipphausen, close to Dresden, the capital of the German state of Saxony. The business park is situated in a highly desirable micro-location in the economically important 'Silicon Saxony', a registered industry association of nearly 300 SME companies, and benefits from good transport networks and connectivity.
For the acquisition, Ambiente Deutschland GmbH advised on environmental issues.
(the article was posted by Sirius on LinkedIn)