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Photo: European — Wikimedia Commons / Wikimedia Commons
Sirius Real Estate Completes Fulda Defence Park Purchase
Sirius Real Estate completed the €49.8 million acquisition of a fully let light-industrial business park in Fulda, Germany, encompassing 57,771 sqm of lettable space on a 112,867 sqm site, with annual rent around €3.93 million and an EPRA NIY of 7.8%. The production-led asset is anchored by a major ballistic protection equipment manufacturer and is supported long-term by defence and security programmes, aligning with Sirius's strategy to invest in well-located industrial parks with government-backed demand.
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Hesse or Hessen, officially the State of Hesse, is a landlocked state in Germany. Its capital city is Wiesbaden, and the largest urban area is Frankfurt am Main, which is also the country's principal financial centre. Two other major historic cities are Darmstadt and Kassel. With an area of 21,114.73 square kilometers and a population of over six million, it ranks seventh and fifth, respectively, among the sixteen German states. Frankfurt Rhine-Main, Germany's second-largest metropolitan area, is mainly located in Hesse.

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