Sirius Real Estate, a London-listed investment company focused on business parks and other real estate in Germany, aims to strike more than €100m of deals in the coming months.
Andrew Coombs, chief executive of the FTSE 250 company, told EG the company is eyeing sites for its own balance sheet valued at between €10m and €20m, with vacancy rates of between 20% and 25% and on which there remains “a lot of opportunity and work to be done”, as well as larger assets valued at more than €50m for its Titanium joint venture with Axa Investment Managers’ real assets division, into which Sirius will a make a significant contribution.
Coombs said he and the Sirius team would be “very disappointed” not to have found “at least €100m” of transactions before March.
