The property, with a total area of 29,448 sq.m., is located in the largest continuous industrial zone of Northern Germany, in a strategic position near Hamburg’s port facilities — an increasingly valuable advantage as European logistics networks continue to concentrate around major maritime hubs.
The business park is currently 89% leased, generating annual rental income of €2.15 million. It has recently undergone refurbishment, offering immediate income as well as value-add opportunities through increasing occupancy or pursuing new development in collaboration with the existing anchor tenant.
The transaction reflects an EPRA Net Initial Yield of 6.1%, while further strengthening the company’s operational synergies in the Hamburg area, where it already maintains an active portfolio — the nearest property being only 30 minutes away. The tenant mix spans multiple sectors, with two key tenants representing more than 20% of rental income and holding a weighted average lease length of 3.1 years.
“The acquisition of our fifth business park in Hamburg will deliver immediate income and significant opportunities to improve rents, increase occupancy, and enhance revenues through on-site development,” said Andrew Coombs, CEO of Sirius Real Estate. “Following the acquisition of the nearby Lübeck park earlier this year, this new asset represents yet another important addition to our portfolio in Hamburg and Northern Germany.”
As of September 30, 2025, Sirius’ portfolio comprised 153 assets leased to 10,958 tenants, with a total value of €2.8 billion and annual rental income of €242.5 million.
