IN BRIEF: Sirius Real Estate set to buy German asset for EUR44 million
Sirius Real Estate Ltd - London and Johannesburg-listed property investor - Says it will acquire a business park in Feldkirchen, Germany, for EUR43.7 million. Says Feldkirchen business park generates EUR3.4 million of annualised rent roll per annum and is 94% occupied. The purchase terms reflect an EPRA net initial yield of 7.8%, it says. The asset is anchored by Excelitas, a designer and manufacturer of high-performance optical and photonic solutions for defence, aerospace, medical and industrial applications. Read More