Newly acquired assets generate higher revenue with potential for rental increases
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...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.
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