|
Sirius Real Estate Ltd - London and Johannesburg-listed property investor - Acquires a business park in Dresden, Germany for €23.4 million and one in Bedford, England for £16.1 million. The Dresden site is occupied by the vendor, who has entered into a one-year sale and leaseback and is expected to vacate thereafter. Sirius plans to convert the site into a multi-let industrial park, following the tenant’s departure. Says this site will be its fourth in the Dresden area, alongside Klipphausen, Reinsberg and MicroPolis. ‘These two latest acquisitions represent strong additions to our German and UK portfolios, being immediately cash generative whilst benefitting from clear value-add potential, and secured at attractive entry yields,’ Chief Executive Officer Andrew Coombs says. So far in 2025, the company has notarised to acquire or acquired about €165 million of income-producing assets across the UK and Germany, it says. Current stock price in London: 106.00 pence, up 1.9% on Wednesday morning 12-month change in London: up 14% Current stock price in Johannesburg: R 25.00, up 1.1% 12-month change in Johannesburg: up 15% Copyright 2025 Alliance News Ltd. All Rights Reserved.
|
