An announcement from Sirius Real Estate ( (GB:SRE) ) is now available.
Sirius Real Estate has announced the acquisition of a multi-tenanted business park in Mönchengladbach for €17.2 million, which is expected to enhance its operational synergies in Germany due to its proximity to existing assets. The acquisition includes a sale and partial leaseback agreement with SMS group, contributing significantly to the site’s rental income. Additionally, Sirius has sold its BizSpace Cardiff site for £5.1 million, achieving a 10% premium over book value. This sale is part of a broader strategy to maximize the value of non-core assets and reinvest proceeds into properties with higher value-creation potential.
More about Sirius Real Estate
Sirius Real Estate is a prominent property company listed on the London Stock Exchange and the JSE Limited. It specializes in owning and operating branded business and industrial parks, offering both conventional and flexible workspace solutions in Germany and the U.K. The company’s strategy involves acquiring business parks at attractive yields, reconfiguring and upgrading spaces to meet local market demands, and selectively refinancing or disposing of assets to release capital for new investments.
YTD Price Performance: 6.37%
Average Trading Volume: 5,147,310
Technical Sentiment Signal: Hold
Current Market Cap: £1.26B
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