An update from Sirius Real Estate ( (GB:SRE) ) is now available.
Sirius Real Estate has sold its BizSpace Tyseley Business Park in Birmingham for £6.7 million, achieving a 20% premium over its book value. This sale underscores Sirius’s strategy of enhancing rental income and capital values through strategic asset management and timing, allowing for efficient capital recycling into new acquisitions. The transaction highlights Sirius’s ability to attract higher-paying tenants and execute deals that align with its growth strategy, ultimately benefiting shareholders through improved returns.
More about Sirius Real Estate
Sirius Real Estate is a property company listed on the London Stock Exchange and the JSE Limited, specializing in owning and operating branded business and industrial parks in Germany and the U.K. The company focuses on acquiring business parks at attractive yields, integrating them into its network, and enhancing their appeal through intensive asset management. Sirius Real Estate’s portfolio consists of 145 assets with a total book value of €2.4 billion, generating an annualized rent roll of €214 million. The company also holds a 35% stake in a German-focused joint venture with AXA IM Alts.
YTD Price Performance: 5.16%
Average Trading Volume: 5,046,823
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £1.24B
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