blackolive brokers warehouse and logistics hall in Dreieich to Sirius Real Estate Ltd.
Frankfurt / 17.10.2022
Sirius Real EstateLtd, one of the leading investors and operators of business parks throughout Germany, has acquired the warehouse and logistics property at Otto-Hahn-Straße 44 a+b in Dreieich. The seller of the property, which has a total lettable area of around 5,200 sqm, is the Jaweed Group of Companies, a leading real estate investor and provider in the regional market.
"In the course of first-class advice from blackolive, we were able to complete the transaction quickly and successfully," says Emal Jaweed of Jaweed Unternehmensgruppe. The real estate investor had acquired the warehouse and logistics hall in an excellent commercial location in the Rhine-Main area about 2 years ago and developed it further both technically and commercially. For the new owner, this is a strategic purchase, as the neighbouring property is already being operated as a business centre with self-storage.
Sirius Real Estate Ltd. operates over 70 innovative business parks and office centres throughout Germany. By repositioning and revitalising former industrial facilities, the Berlin-based company develops modern offices, conference rooms as well as storage and production space for small and medium-sized companies.
On the seller side, the Jaweed Unternehmensgruppe is a renowned real estate investor with a focus on apartment buildings and commercial properties. In addition to project developments, the company's business areas include both the purchase of properties with value enhancement potential and properties for long-term portfolio development.
blackolive, a member of German Property Partners (GPP), acted as advisor to the seller.