6th Aug 2025 09:11
Sirius Real Estate Ltd - London and Johannesburg-listed property investor - Acquires a business park in Dresden, Germany for EUR23.4 million and one in Bedford, England for GBP16.1 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 EUR165 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: ZAR25.00, up 1.1%
12-month change in Johannesburg: up 15%
By Artwell Dlamini, Alliance News senior reporter South Africa
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