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Sirius Real Estate Ltd - London and Johannesburg-listed property investor - Says it will buy a business park in Kiel, Germany, for €93.4 million, adding another defence-anchored asset to its portfolio. The property is predominantly let to Rheinmetall, Germany’s defence company, together with a number of other companies in the defence, infrastructure, testing and automation sectors. The purchase terms reflect an EPRA net initial yield of 8.2%, and the business park, which is currently 98.5% occupied, generates €7.8 million of annual rental income. Sirius says it continues to progress further asset acquisitions in Germany. Current stock price in Johannesburg: R 22.59, down 0.9% on Monday 12-month change in Johannesburg: up 2.0% Stock price in London: 91.10 pence, down 0.2% 12-month change in London: up 6.7% Copyright 2026 Alliance News Ltd. All Rights Reserved.
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