Sirius sells and buys properties in asset recycling strategy
Siruius’ disposal strategy remains focused on noncore or mature assets where they are achieving returns higher than book value
Sirius, the leading owner and operator of branded business and industrial parks in Germany and the UK has sold and acquired new properties as part of asset recycling programme.
The company sold an industrial park in Maintal in Germany for €40.1m at a net initial yield of 5.7%. The disposal achieved 6% above the last reported book value...
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