27th Jul 2023 08:57
Sirius Real Estate Ltd - London and Johannesburg-listed property investor - Says its UK-based subsidiary BizSpace has exchanged contracts to acquire a portfolio of two mixed use industrial assets for GBP9.5 million. Says these acquisitions follow on from the previously announced Camberwell and Ipswich disposals.
"It is pleasing to see the execution of our asset recycling strategy, by being able to redeploy capital from assets that were sold at a premium to book value into immediately income enhancing acquisitions that can benefit substantially from future asset management initiatives," Sirius Real Estate Chief Executive Andrew Coombs says.
Current stock price in London: 85.00 pence, up 2.4% on Thursday
12-month change: down 6.8%
Current stock price in Johannesburg: ZAR19.17, up 2.1%
12-month change: up 3.0%
By Artwell Dlamini, Alliance News reporter
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