Sirius Real Estate shifts target out to 2024
The German-focused landlord grew its euro-denominated dividend by 6.3% in the year to end-March
03 June 2019 - 13:12
German business park owner Sirius Real Estate’s plan to double its asset base to €2bn will now take up to five years, as the group struggles to find large enough suitable acquisitions.
The company, which owns multi-let business parks and a personal storage business, had wanted to double its property portfolio to €2bn within the next two years, CEO Andrew Coombs said, but it has decided to be more patient when making large acquisitions so as to ensure it does not overpay for them...
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