IN BRIEF: Sirius Real Estate seals business park buy near Frankfurt

Related news

Sirius Real Estate Ltd - London and Johannesburg-listed property investor - Completes the acquisition of a light-industrial business park in Fulda, near Frankfurt in Germany, for EUR49.8 million. The business park provides an EPRA net initial yield of 7.8%. This asset is anchored by a European manufacturer of ballistic protection equipment and protective systems, serving military, police and law enforcement customers, Sirius says. It has 57,771 square metres of lettable space and is fully let with an annual rent roll of EUR3.9 million.

"Completing the acquisition of this high-quality business park in Fulda, further strengthens our German portfolio," Sirius Chief Executive Officer Andrew Coombs says, adding: "Considering the income quality, the acquisition yield offers a very attractive risk/return relationship and supports the prospect of continued dividend progression."

Current stock price in Johannesburg: ZAR21.15, down 0.2% on Wednesday

12-month change in Johannesburg: down 9.8%

Current stock price in London: 96.60 pence, down 0.7%

12-month change in London: down 2.7%

Copyright 2026 Alliance News Ltd. All Rights Reserved.

Bids, mergers and takeovers

Ways to help you invest your money

Our investment accounts

Put your money to work with our range of investment accounts. Choose from ISAs, pensions, and more.

Need some investment ideas?

Let us give you a hand choosing investments. From managed funds to favourite picks, we’re here to help.

Read our expert tips and insights

Our investment experts share their knowledge on how to keep your money working hard across the markets.