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| Thu 26 Jun 2025, 8:07 | | Sirius - acquisition and disposal update |
| View SENS |
Sirius Real Estate, the leading operator of branded business and industrial parks providing conventional space and flexible workspace in Germany and the UK, has continued to execute on its strong acquisition pipeline, having notarised the purchase of a light industrial property in Geilenkirchen, Germany, for a total consideration of EUR12.9 million.
UK Disposal
As part of its ongoing UK portfolio optimisation strategy, Sirius has also exchanged contracts for the disposal of a small non-core asset in Huddersfield to a private individual for a total consideration of GBP1.55 million. The transaction was concluded at a 7% premium to the asset's most recent book value and reflects a disposal yield of 8.1%, assuming standard purchaser costs. Proceeds from the sale will be redeployed into opportunities within the Group's portfolio, in line with Sirius' capital allocation strategy. |
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