Cushman & Wakefield (‘C&W’), the world’s largest privately-held commercial real estate services firm, is pleased to announce that it has been appointed to act for Sirius Real Estate Limited (‘Sirius’), the leading operator of branded business parks providing flexible workspace to the German SME market and listed on London’s Alternative Investment Market. C&W will provide bi-annual valuations of Sirius’ German property portfolio.
The Sirius portfolio, valued at over €400miilion, consists of a network of 30 large business parks throughout Germany with approximately 0.9 million sqm of lettable space, made up of 700 mixed-use multi-tenant buildings inhabited by around 3000 tenants. The buildings are multi-purpose and are let to a range of businesses as space for offices, commercial and light engineering.
Each business park operates under the Sirius brand and the space is marketed centrally, enabling the Sirius team to offer potential tenants a wide variety of space across the country, a key point of differentiation. Flexibility has been a major part of Sirius’ success, as tenants are actively encouraged to configure space according to their needs. In addition, the Company has a range of specialist products including Smartspace designed for young growing businesses and FlexiLager an innovative and economic storage solution.
Andrew Coombs, Chief Executive of Sirius, said “We were impressed with the depth of market experience and knowledge C&W has of our specific sector and we are therefore looking forward to working closely with the team as we pursue our strategy of expanding our portfolio through a mixture of acquisition and organic led growth.”
For media a high resolution picture from Sirius is available on request.