Asset management and recycling pay off for Sirius
Newly acquired assets generate higher revenue with potential for rental increases
03 April 2023 - 19:21
Sirius Real Estate, leading owner and operator of industrial parks and workspace in Germany and the UK, sold two assets for €12.2m with an average net income yield of 4.1%.
The sale of the mixed-use mature business park in Wuppertal, Germany, achieved a 5.3% premium to book value. The 80%-let property offering office, warehouse, production and workshop space, was originally acquired by Sirius in 2007 and sold for €8.8m...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.