26th Jun 2025 11:31
Sirius Real Estate Ltd - London and Johannesburg-listed property investor - Acquires a light industrial property in Geilenkirchen, Germany, for EUR12.9 million. The asset was acquired by way of a sale-and-leaseback transaction, with a precision engineering business that specialises in processing sheet metal using laser technology. Says the acquisition is in line with its strategy of acquiring well-located assets, with secure income streams at attractive yields.
Sirius also says it has sold a non-core asset in Huddersfield in UK to a private individual for GBP1.55 million. Says proceeds from the sale will be redeployed into opportunities within its portfolio. "Following last year's equity fundraise and bond issuances, as well as our recently announced new EUR150 million unsecured revolving credit facility, we have the flexibility and resources to continue to make accretive acquisitions in Germany and the UK at this opportune point in the market cycle," Chief Executive Officer Andrew Coombs says.
Current stock price in London: 95.70 pence, down 0.6% on Thursday
12-month change in London: down slightly
Current stock price in Johannesburg: ZAR23.09, up 1.9%
12-month change in Johannesburg: up 6.5%
By Artwell Dlamini, Alliance News reporter
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