Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Sirius Real Estate ( (GB:SRE) ) has provided an announcement.
Sirius Real Estate has acquired a development site in Munich for €13.3 million, enhancing its strategic position by securing the last piece of a 130,000 sqm estate adjacent to its existing Munich-Neuaubing business park. This acquisition offers the company significant operational synergies and potential development opportunities to boost returns, while immediately contributing to rental income with a €740,000 annual rent roll. The estate’s location near Munich city center and major motorways provides excellent connectivity, aligning with Sirius’s strategy to maximize income and explore long-term development prospects.
More about Sirius Real Estate
Sirius Real Estate is a prominent property company listed on both 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. As of September 2024, the company manages a portfolio of 145 assets valued at €2.4 billion, with a significant presence in the market through ventures like its 35% stake in Titanium, a joint venture focused on the German market.
YTD Price Performance: -7.77%
Average Trading Volume: 3,980,738
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £1.24B
See more insights into SRE stock on TipRanks’ Stock Analysis page.
