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The latest announcement is out from Sirius Real Estate ( (GB:SRE) ).
Sirius Real Estate has acquired the Earl Mill Business Park in Oldham, U.K., for £5.7 million, marking its second acquisition this year. This purchase, along with a recent acquisition in Dresden, presents a significant opportunity for Sirius to enhance value through its management platforms due to the combined vacancy of 26%. Earl Mill, operating under the BizSpace brand, offers substantial lettable space with a high occupancy rate, generating significant income and potential for future development. The acquisition aligns with Sirius’s strategy of acquiring business parks with attractive yields and leveraging its asset management capabilities in the U.K. and Germany.
More about Sirius Real Estate
Sirius Real Estate is a prominent property company listed on the London Stock Exchange and JSE Limited. It specializes in owning and operating branded business and industrial parks in Germany and the U.K., offering both conventional space and flexible workspace. As of September 2024, the company owned 145 assets with a total value of €2.4 billion and a rental income of €214 million. The company also has a stake in a German-focused joint venture with AXA IM Alts.
YTD Price Performance: -2.10%
Average Trading Volume: 4,878,288
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £1.17B
Learn more about SRE stock on TipRanks’ Stock Analysis page.
