Sirius Real Estate has added a defence-anchored business park located on the outskirts of Munichto to its German portfolio.

The firm is investing €43.7m to acquire the 94% occupied 27,180sqm business park in Feldkirchen.

The latest transaction lifts the firm’s 2025 acquisitions of income-producing assets in the UK and Germany to approximately €340m.

Andrew Coombs, CEO of Sirius Real Estate, said: “In our first half trading update earlier this month, we noted that we expected our acquisition programme to be more weighted towards Germany in the last six months of our financial year and this transaction underscores that sentiment.

“Feldkirchen is an asset which benefits from strong existing fundamentals and offers future potential for our platform to exploit. Munich has the strongest economy of any German city and is one of Germany’s most resilient and sought after logistics hubs, being home to a strong and diverse range of industries spanning everything from manufacturing, finance, media and technology sectors.”

Coombs said the firm has identified a number of ways to improve the site and to asset manage the rental tone up over time, adding that “Feldkirchen also offers operational synergies, being in close proximity to our existing asset at Grasbrunn”.

“The acquisition also aligns with our strategic focus on positioning ourselves to benefit from increased defence spending, being anchored by a high-quality manufacturing tenant that serves this sector,” he added.   

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