5th Feb 2025 13:43
Sirius Real Estate Ltd - London and Johannesburg-listed property investor - Acquires the Earl Mill business park in Oldham, UK, for GBP5.7 million. This is the second acquisition Sirius has made this year, following the recent purchase of the Reinsberg business park in Dresden. Earl Mill is a multi-let business park offering a mixture of warehouse and office space.
"Our acquisition of Earl Mill in Oldham generates day one income and offers further significant potential to improve rental tone and develop new revenue streams through improvements to the site," Sirius Chief Executive Officer Andrew Coombs says. "Our BizSpace portfolio continues to benefit from the strength and asset management capability of the Sirius platform and, building on the momentum we have achieved so far in 2024, we already have a healthy pipeline of acquisition opportunities in Germany and the UK for this year."
Current stock price in London: 76.95 pence, up 0.1% on Wednesday
12-month change: down 10%
Current stock price in Johannesburg: ZAR18.10
12-month change: down 15%
By Artwell Dlamini, Alliance News reporter
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