IN BRIEF: Sirius Real Estate acquires another business park in Germany

Sirius Real Estate Ltd – London and Johannesburg-listed property investor – Says it has acquired a light-industrial business park near Frankfurt, Germany, for EUR49.8 million. Notes that the site generates annual rent roll of EUR3.93 million. The business park is anchored by a European manufacturer of ballistic protection equipment.

“This acquisition represents another attractive opportunity to deploy capital into a high-yielding industrial asset with strong existing income and clear potential for further growth,” Sirius Chief Executive Officer Andrew Coombs says. The acquisition comes after Sirius said late in March it would buy a business park in Kiel, Germany, for EUR93.4 million, adding another defence-anchored asset to its portfolio.

Current stock price in Johannesburg: ZAR21.70, down 0.6% on Thursday

12-month change in Johannesburg: up 2.4%

Current stock price in London: 98.75 pence, up 0.2%

12-month change in London: up 6.6%

By Artwell Dlamini, Alliance News senior reporter South Africa

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