Palmira Capital Partners has acquired a commercial park from Aurelis Real Estate for a separate account in an off-market transaction. The purchase price was not disclosed.
The property is located at Peter-Sander-Strasse 41 - 43 in Wiesbaden. Originally completed in 1991/92, it was most recently modernised in 2017. Standing on a site of around 17,900m², the asset provides a lettable area of approximately 16,300m². This comprises around 3,200m² of warehouse space, 8,100m² of office and staff accommodation and around 5,000m² of ‘service’ (multi-purpose) space. The property is approximately 75% let.
