Sirius Real Estate ( (GB:SRE) ) has provided an update.
Sirius Real Estate has exchanged contracts to acquire the Chalcroft Business Park in Southampton for £40.5 million, including a solar facility and development land. This acquisition aligns with Sirius’s strategy to enhance its portfolio with income-generating assets and sustainability features. The business park, strategically located near Southampton, is 80% occupied and offers opportunities for further development, potentially increasing rental income. This move is part of Sirius’s broader acquisition program, which has seen over €100 million in property acquisitions since last July, aimed at boosting the company’s income and development potential.
More about Sirius Real Estate
Sirius Real Estate is a leading owner and operator of branded business and industrial parks, providing conventional space and flexible workspace in Germany and the U.K. The company is listed on the London Stock Exchange and the JSE Limited, with a portfolio comprising 145 assets and generating an annualized rent roll of €214 million. Sirius’s strategy focuses on acquiring business parks at attractive yields, reconfiguring and upgrading spaces, and generating returns through rental income growth and strategic asset management.
YTD Price Performance: 4.52%
Average Trading Volume: 5,109,482
Technical Sentiment Consensus Rating: Hold
Current Market Cap: £1.23B
Find detailed analytics on SRE stock on TipRanks’ Stock Analysis page.
Trending Articles:
Questions or Comments about the article? Write to editor@tipranks.com