Sienna IM Germany advises Arkéa REIM on acquisition of office and laboratory building in Erlangen

Sienna Investment Managers’ (Sienna IM) German Real Estate team has advised SCPI Transitions Europe, managed by Arkéa REIM, on the acquisition of the office and laboratory building, HENRI. The property is located within the dedicated life sciences cluster Siemens Campus in Erlangen, part of the Nuremberg metropolitan area. The property spans over a gross floor area of 5,180m² office and R&D space, and is let on a long-term basis to an internationally renowned tenant in the life science sector.

Carolin Schaefer, Manager Acquisitions – Germany for Sienna IM’s Real Estate expertise, says of the deal, “We are delighted to have completed this transaction on behalf of our client Arkéa REIM, which marks their strategic entry into the German market and their first acquisition here. The asset is a perfect fit for the fund’s strategy, presenting a secure long-term investment, with over 11-years WALT let to a leading manufacturer in the hearing aid industry, well integrated into the surrounding life sciences cluster and an asset satisfying present ESG standards through its very low carbon footprint.”

Arkéa REIM was further advised by Stolzenberg Rechtsanwälte (legal) and Arcadis (technical & ESG). The seller Le Masurier was advised by Savills Germany (commercial) and Lindenau Prior & Partner (legal).