20th Oct 2025 07:56
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.
Following this transaction, Sirius will have acquired around EUR340 million of income-producing assets across the UK and Germany so far in 2025. "In our first half trading update earlier this month we noted that we expected our acquisition programme to be more weighted towards Germany in the last six months of our financial year and this transaction underscores that sentiment," Sirius Chief Executive Officer Andrew Coombs says.
Stock price in London: 98.50 pence
12-month change in London: up 9.5%
Stock price in Johannesburg: ZAR23.10
12-month change in Johannesburg: up 6.2%
By Artwell Dlamini, Alliance News senior reporter South Africa
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