4th Oct 2022 12:36
Sirius Real Estate Ltd - London and Johannesburg-listed property investor - Expects to slow its acquisition pipeline given the uncertainty in the market. But it continues to monitor numerous acquisition opportunities so that it remains poised to execute transactions at the appropriate time in the future. Also says it will continue to seek to dispose of non-core or mature assets as and when it feel the timing is right. The group completed three acquisitions in Germany for EUR44.6 million, which were all notarised prior to the end of June. It disposed of three assets in Germany and the UK for a combined EUR33.6 million.
London stock price: 70.00 pence, up 1.7% on Tuesday afternoon
12-month change: down 45%
Johannesburg stock price close: ZAR14.34, up 4.7%
12-month change: down 45%
By Artwell Dlamini; [email protected]
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