30th Mar 2026 16:22
Sirius Real Estate Ltd - London and Johannesburg-listed property investor - Says it will buy a business park in Kiel, Germany, for EUR93.4 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 EUR7.8 million of annual rental income. Sirius says it continues to progress further asset acquisitions in Germany.
Current stock price in Johannesburg: ZAR22.59, 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%
By Artwell Dlamini, Alliance News senior reporter South Africa
Comments and questions to [email protected]
Copyright 2026 Alliance News Ltd. All Rights Reserved.
Related Shares:
Sirius Real Estate